Backblaze (BLZE) analyst forecast and price target
Analyst forecast
Consensus of 7 analyst ratings
Based on 6 analyst targets
Recent analyst ratings
| Firm | Action | Rating | Price target | Date |
|---|---|---|---|---|
| Needham | Maintained | Buy | $23.00 from $14.00 | Aug 4, 2026 |
| B. Riley Securities | Maintained | Buy | $24.00 from $16.00 | Aug 4, 2026 |
| Citizens | Maintained | Market Outperform | $21.00 from $16.00 | Aug 4, 2026 |
| Oppenheimer | Maintained | Outperform | $25.00 from $15.00 | Aug 4, 2026 |
| Citizens | Maintained | Market Outperform | $16.00 from $14.00 | Jul 23, 2026 |
| Needham | Maintained | Buy | $14.00 from $8.50 | Jun 24, 2026 |
| Citizens | Maintained | Market Outperform | $14.00 from $8.00 | Jun 24, 2026 |
| Lake Street | Maintained | Buy | $14.00 from $11.00 | Jun 24, 2026 |
| B. Riley Securities | Maintained | Buy | $16.00 from $7.00 | Jun 24, 2026 |
| Craig-Hallum | Upgraded | Hold → Buy | $16.00 from $6.50 | Jun 23, 2026 |
| Needham | Maintained | Buy | $8.50 from $6.00 | May 5, 2026 |
| Lake Street | Maintained | Buy | $11.00 from $8.00 | May 5, 2026 |
| Citizens | Maintained | Market Outperform | $8.00 | May 5, 2026 |
| William Blair | Downgraded | Outperform → Underperform | — | Mar 23, 2026 |
| Needham | Maintained | Buy | $6.00 from $8.00 | Feb 24, 2026 |
| Oppenheimer | Maintained | Outperform | $8.50 from $9.50 | Feb 24, 2026 |
| B. Riley Securities | Maintained | Buy | $7.50 from $9.00 | Feb 24, 2026 |
| Lake Street | Maintained | Buy | $8.00 from $10.00 | Feb 24, 2026 |
| Needham | Maintained | Buy | $8.00 from $12.00 | Nov 6, 2025 |
| Oppenheimer | Maintained | Outperform | $11.00 from $10.00 | Oct 17, 2025 |
Frequently asked questions
What is the price target for BLZE stock?
The average 12-month analyst price target for Backblaze (BLZE) is $20.50, with a high estimate of $25.00 and a low of $14.00, across 6 analysts.
Is BLZE a buy, sell, or hold?
Analysts covering Backblaze currently average a Buy rating: 6 buy, 1 hold and 0 sell, from 7 analysts. Ratings reflect analyst opinion, not investment advice.
What upside do analysts see for BLZE?
The average price target of $20.50 implies 45.08% upside from the last price of $14.13.
What is the latest analyst rating on BLZE?
On Aug 4, 2026, Needham maintained Backblaze at Buy with a price target of $23.00.
Analyst ratings and price targets are the opinions of third-party research firms, not of Light Horse Securities. They are estimates about an uncertain future, are frequently wrong, and are neither a recommendation nor a prediction of actual results.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.