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Backblaze (BLZE): analyst forecast and price target

$8.60 −13.22% close 16.10.26 · market cap $613M · Technology · Software - Infrastructure IWM 0.02%
Price targets and ratings of

Analyst consensus

Strong Buy

6 Buy1 Hold0 Sell

Ratings of 7 analysts in the last 3 months

12-month forecast

$22.83+165.5% upside

Based on 7 price targets given in the last 3 months, the average target is $22.83, the highest $25.00, the lowest $21.00. The average is +165.5% from the last price of $8.60.

$10.00$20.00Jan 26AprJulOctJan 27AprJulOctHigh$25.00Average$22.83Low$21.00
Highest target $25.00 Average target $22.83 Lowest target $21.00
AnalystFirmPrice target RatingUpsideAction Date Move vs SPY
Jason Ader★★★★★★★★★★#2927 · hits 50% · avg +5.0% William Blair — Hold — Reiterated 01.10.26on TipRanks 13:35 +1.2%next day +0.5% · 5 days −9.7%
Ittai Kidron★★★★★★★★★★#866 · hits 55% · avg +9.8% Oppenheimer $20.00 → $25.00+25.0% Buy +190.7% Reiterated 21.09.26on TipRanks 22:05 +5.2%next day −1.0% · 5 days −5.2%
Erik Suppiger★★★★★★★★★★#366 · hits 59% · avg +20.7% B. Riley Securities $24.00 Buy +179.1% Reiterated 18.09.26on TipRanks 08:50 −4.7%next day +1.8% · 5 days −1.0%
Jeff Van Rhee★★★★★★★★★★#511 · hits 50% · avg +18.7% Craig-Hallum $23.00 Buy +167.4% Reiterated 11.09.26on TipRanks 09:19 −0.1%next day +4.0% · 5 days +6.2%
Mike Cikos★★★★★★★★★★#418 · hits 59% · avg +16.1% Needham $23.00 Buy +167.4% Reiterated 10.09.26on TipRanks 06:07 −6.4%next day −0.1% · 5 days +11.4%
Jason Ader★★★★★★★★★★#2927 · hits 50% · avg +5.0% William Blair — Hold — Reiterated 09.09.26on TipRanks 18:15 −6.4%next day −0.1% · 5 days +11.4%
Eric Martinuzzi★★★★★★★★★★#797 · hits 51% · avg +11.7% Lake Street $14.00 → $21.00+50.0% Buy +144.2% Reiterated 04.08.26on TipRanks 08:51 +25.1%next day −5.7% · 5 days −5.4%
Rustam Kanga★★★★★★★★★★#2197 · hits 55% · avg +46.9% Citizens JMP $16.00 → $21.00+31.2% Buy +144.2% Reiterated 04.08.26on TipRanks 05:47 +25.1%next day −5.7% · 5 days −5.4%

Every rating the collector has kept for the last 12 months, including the earlier ones of the same analyst. Latest of each analyst

Best analysts covering Backblaze

TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.

Most accurate

3 months Eric Martinuzzi★★★★★★★★★★Lake Street · #797
Hits 51%249 of 488 Average return +11.7%
1 year Eric Martinuzzi★★★★★★★★★★Lake Street · #797
Hits 51%249 of 488 Average return +11.7%
2 years Eric Martinuzzi★★★★★★★★★★Lake Street · #797
Hits 51%249 of 488 Average return +11.7%

Most profitable

3 months Eric Martinuzzi★★★★★★★★★★Lake Street · #797
Hits 51%249 of 488 Average return +11.7%
1 year Eric Martinuzzi★★★★★★★★★★Lake Street · #797
Hits 51%249 of 488 Average return +11.7%
2 years Eric Martinuzzi★★★★★★★★★★Lake Street · #797
Hits 51%249 of 488 Average return +11.7%

How the average price target moved

The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 01.10.26: target $22.83 at a price of $13.99 (+63.2%); now: $22.83 at $8.60 (+165.5%).

$10.00$15.00$20.00Sep 15Oct 1Oct 15Top analysts$22.83Average target$22.83Price$8.60

PriceAverage targetTop analysts’ target

Recommendation trend

051049Oct 2539Nov46Dec46Jan 26521Feb4211Mar4111Apr312May721Jun821Jul112Aug572Sep563Oct

Strong BuyBuyHoldSell

Rating05.2606.2607.2608.2609.2610.26
Strong Buy000055
Buy3781176
Hold122223
Sell211000

Earnings and sales forecast

Next report: 02.11.26 (Q3 2026, date not confirmed)

Earnings per share

Next quarter’s EPS estimate — $0.05 (from $0.01 to $0.07). Last quarter: $0.08.

Sales

Next quarter’s sales estimate — $45M (from $44M to $45M). Last quarter: $43M.

Best top-analyst consensus in the sector · Technology

TSMTSMC
ANETArista Networks
UCTTUltra Clean HoldingsStrong Buy
ONTOOnto Innovation
CLSnot in our ETFs
About Backblaze
  • CEO: Gleb Budman
  • Employees: 320
  • 2261 Market Street, San Mateo, CA, 94114, US
  • www.backblaze.com

Backblaze, Inc. functions as a cloud storage provider, delivering comprehensive online services for businesses and individual consumers to securely store, manage, and access their data globally. The company's cloud solutions are underpinned by a highly scalable software infrastructure built upon cost-effective, commercial-grade hardware. One of its flagship offerings is Backblaze B2 Cloud Storage, a versatile service empowering clients to store data, developers to construct applications, and partners to enhance their service portfolios. This consumption-based Infrastructure-as-a-Service (IaaS) supports a range of functionalities, including data backups, multi-cloud environments, application development, and robust ransomware defense. Furthermore, Backblaze offers Computer Backup, an automated subscription-based Software-as-a-Service (SaaS) that safeguards data on laptops and desktops for both corporate and personal use. This service facilitates routine computer backups, offers protection against ransomware, mitigates risks from theft and loss, and provides remote access capabilities. Backblaze primarily serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. The company was founded in 2007 and is headquartered in San Mateo, California.

Data from the stock’s TipRanks forecast page, read 90 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗