# Backblaze (BLZE) — Analyst Forecast

BLZE · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/blze/forecast

## Analyst consensus

| Consensus | Buy | Hold | Sell | Analysts |
| --- | --- | --- | --- | --- |
| Buy | 6 | 1 | 0 | 7 |

## Price target

| Low | Average | High | Analysts |
| --- | --- | --- | --- |
| $21.00 | $23.25 | $25.00 | 4 |

Last price $9.91 (as of Oct 15, 2026).

## Recent analyst ratings

| Date | Firm | Action | Rating | Price target |
| --- | --- | --- | --- | --- |
| Sep 10, 2026 | Needham | Maintained | Buy | $23.00 |
| Aug 4, 2026 | Needham | Maintained | Buy | $23.00 |
| Aug 4, 2026 | B. Riley Securities | Maintained | Buy | $24.00 |
| Aug 4, 2026 | Citizens | Maintained | Market Outperform | $21.00 |
| Aug 4, 2026 | Oppenheimer | Maintained | Outperform | $25.00 |
| Jul 23, 2026 | Citizens | Maintained | Market Outperform | $16.00 |
| Jun 24, 2026 | Needham | Maintained | Buy | $14.00 |
| Jun 24, 2026 | Citizens | Maintained | Market Outperform | $14.00 |
| Jun 24, 2026 | Lake Street | Maintained | Buy | $14.00 |
| Jun 24, 2026 | B. Riley Securities | Maintained | Buy | $16.00 |
| Jun 23, 2026 | Craig-Hallum | Upgraded | Hold → Buy | $16.00 |
| May 5, 2026 | Needham | Maintained | Buy | $8.50 |
| May 5, 2026 | Lake Street | Maintained | Buy | $11.00 |
| May 5, 2026 | Citizens | Maintained | Market Outperform | $8.00 |
| Mar 23, 2026 | William Blair | Downgraded | Outperform → Underperform | — |
| Feb 24, 2026 | Needham | Maintained | Buy | $6.00 |
| Feb 24, 2026 | Oppenheimer | Maintained | Outperform | $8.50 |
| Feb 24, 2026 | B. Riley Securities | Maintained | Buy | $7.50 |
| Feb 24, 2026 | Lake Street | Maintained | Buy | $8.00 |
| Nov 6, 2025 | Needham | Maintained | Buy | $8.00 |

## Frequently Asked Questions

### What is the price target for BLZE stock?

The average 12-month analyst price target for Backblaze (BLZE) is $23.25, with a high estimate of $25.00 and a low of $21.00, across 4 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 $23.25 implies 134.61% upside from the last price of $9.91.

### What is the latest analyst rating on BLZE?

On Sep 10, 2026, Needham maintained Backblaze at Buy with a price target of $23.00.

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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.

Data provided by [AInvest](https://www.ainvest.com).