BLZE trades 39.3% below Wall Street's consensus target of $20.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes BLZE achieves its forward estimates and maintains a stable P/E multiple of 71.8x. This scenario reflects the blended consensus of 9 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of October 3, 2026, Backblaze, Inc. (BLZE) has a Wall Street consensus price target of $20.00, based on estimates from 9 covering analysts. With the stock currently trading at $14.36, this represents a potential upside of +39.3%. The company has a market capitalization of $862M.
Analyst price targets range from a low of $16.00 to a high of $23.00, representing a 35% spread in expectations. The median target of $21.00 differs from the mean, suggesting potential outlier estimates.
The current analyst consensus rating is Buy, with 8 analysts rating the stock as a Buy or Strong Buy,0 rating it Hold, and 1 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 -31.2x and forward P/E of 71.8x. Analysts expect EPS to grow +159.5% over the next year.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 BOXBox, Inc. | $4.8B | $34.49 | $37.25 | +8.0% | Buy | 26.8x | 28 |
 DOMODomo, Inc. | $149M | $3.55 | $3.89 | +9.6% | Buy | — | 15 |
 DCBODocebo Inc. | $592M | $23.33 | $36.64 | +57.1% | Buy | 13.7x | 10 |
 NCNOnCino, Inc. | $2.0B | $18.68 | $23.43 | +25.4% | Buy | 20.6x | 24 |
 DBXDropbox, Inc. | $8.6B | $33.90 | $26.83 | -20.9% | Buy | 11.1x | 16 |
 QLYSQualys, Inc. | $6.8B | $193.00 | $179.36 | -7.1% | Hold | 24.6x | 48 |
 PSTGEverpure, Inc | $28.5B | $86.22 | $87.00 | +0.9% | Buy | 35.2x | 32 |
 NTAPNetApp, Inc. | $44.8B | $226.27 | $203.30 | -10.2% | Hold | 28.3x | 71 |
 AMZNAmazon.com, Inc. | $2.7T | $251.52 | $326.83 | +29.9% | Buy | 19.7x | 94 |
 MSFTMicrosoft Corporation | $3.8T | $517.53 | $563.50 | +8.9% | Buy | 26.2x | 82 |
Quick answers to the most common questions about buying BLZE stock.
The consensus Wall Street price target for BLZE is $20, representing 39.3% upside from the current price of $14.36. With 9 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 9 Wall Street analysts. The rating breakdown is predominantly bullish, with 8 Buy/Strong Buy ratings. The consensus 12-month price target of $20 implies 39.3% upside from current levels.
At a forward P/E of 71.8x, BLZE trades at a premium valuation. The consensus price target of $20 (39.3% upside) suggests analysts still see growth justifying the multiple.
The most bullish Wall Street analyst has a price target of $23 for BLZE, while the most conservative target is $16. The consensus of $20 represents the median expectation. These targets typically reflect 12-month expectations.
BLZE is moderately covered, with 9 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 8 have Buy ratings, 0 recommend Hold, and 1 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 9 Wall Street analysts shows a consensus price target of $20, with estimates ranging from $16 (bear case) to $23 (bull case). The median consensus rating is "Buy".
BLZE trades at a forward P/E ratio of 71.8x 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 $20 price target (39.3% upside). 8 of 9 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 $16 to $23, a 35% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $20 consensus represents the middle ground.
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