Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of March 1, 2026, Backblaze, Inc. (BLZE) has a Wall Street consensus price target of $7.00, based on estimates from 8 covering analysts. With the stock currently trading at $3.76, this represents a potential upside of +86.2%. The company has a market capitalization of $217M.
Analyst price targets range from a low of $4.50 to a high of $8.50, representing a 57% spread in expectations. The median target of $8.00 differs from the mean, suggesting potential outlier estimates. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 8 analysts rating the stock as a Buy or Strong Buy,0 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, BLZE trades at a trailing P/E of -8.2x and forward P/E of 313.3x. Analysts expect EPS to grow +102.6% over the next year.
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Start ComparisonThe consensus Wall Street price target for BLZE is $7, representing 86.2% upside from the current price of $3.76. With 8 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
BLZE has a consensus rating of "Buy" based on 8 Wall Street analysts. The rating breakdown is predominantly bullish, with 8 Buy/Strong Buy ratings. The consensus 12-month price target of $7 implies 86.2% upside from current levels.
At a forward P/E of 313.3333x, BLZE trades at a premium valuation. The consensus price target of $7 (86.2% upside) suggests analysts still see growth justifying the multiple.
The most bullish Wall Street analyst has a price target of $8.5 for BLZE, while the most conservative target is $4.5. The consensus of $7 represents the median expectation. These targets typically reflect 12-month expectations.
BLZE is moderately covered, with 8 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 8 have Buy ratings, 0 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month BLZE stock forecast based on 8 Wall Street analysts shows a consensus price target of $7, with estimates ranging from $4.5 (bear case) to $8.5 (bull case). The median consensus rating is "Buy".
BLZE trades at a forward P/E ratio of 313.3x based on next-twelve-months earnings estimates. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on BLZE, with a "Buy" consensus rating and $7 price target (86.2% upside). 8 of 8 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
BLZE analyst price targets range from $4.5 to $8.5, a 57% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $7 consensus represents the middle ground.