Recent Catalysts Transforming Backblaze's Growth and Valuation Risk Narrative
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 07 2025
0mins
Should l Buy BLZE?
Source: Yahoo Finance
Fair Value Adjustment: Backblaze's fair value estimate has been modestly reduced from $10.55 to approximately $10.11 per share, reflecting a slight increase in perceived risk while long-term revenue growth expectations remain stable at around 10.69%.
Analyst Ratings: Oppenheimer maintains an Outperform rating with a price target increase to $11, citing strong fundamentals, while B. Riley lowers its target to $9, indicating caution regarding potential upside despite a positive fundamental outlook.
Revenue Guidance: Backblaze has issued fourth quarter 2025 revenue guidance of $37.3 million to $37.9 million and narrowed its full year 2025 outlook to a range of $145.4 million to $146.0 million, slightly lowering the top end of previous guidance.
Strategic Developments: The company has integrated its B2 Cloud Storage with Shareio for enhanced digital content management and completed a share repurchase of 142,069 shares, reflecting ongoing confidence in its stock value.
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Analyst Views on BLZE
Wall Street analysts forecast BLZE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BLZE is 9.50 USD with a low forecast of 8.00 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 4.000
Low
8.00
Averages
9.50
High
11.00
Current: 4.000
Low
8.00
Averages
9.50
High
11.00
About BLZE
Backblaze, Inc. is a cloud storage company. The Company's two cloud services that it offers on its Storage Cloud are: Backblaze B2 Cloud Storage and Backblaze Computer Backup. Backblaze B2 Cloud Storage enables customers to store data, developers to build applications, and partners to expand their use cases. The amount of data stored in this cloud service can scale up and down as needed on a pay-as-you-go basis, or can be paid for on a capacity basis or committed contract for greater predictability. This Infrastructure-as-a-Service enables use cases including backups, multi-cloud, application storage, ransomware protection, and storage for artificial intelligence/machine learning workflows. Backblaze Computer Backup automatically backs up data from laptops and desktops for businesses and individuals. This service is offered as a subscription-based Software-as-a-Service and serves use cases including computer backup, ransomware protection, theft and loss protection, and remote access.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Backblaze Releases Q4 Network Stats Report Highlighting AI Traffic Surge
- AI Traffic Concentration: Q4 data reveals that AI-driven data transfers cluster around compute hubs in the US-East, particularly in Northern Virginia, New York, and Atlanta, underscoring the critical need for low-latency connectivity for model training workloads.
- High-Throughput Connections Normalized: Utilizing its 'magnitude' metric, Backblaze validated a shift from many-to-many internet traffic to sustained, high-throughput connections between specialized storage and compute systems, indicating a rapid evolution in network behavior.
- Accelerated Large-Scale Data Migrations: Migration traffic surged from August to October, driven by private fiber onboarding of large datasets, reflecting an increasing demand for high-performance connectivity among enterprises.
- US-West Remains Crucial: While US-West ISP regional traffic still leads in total volume, Backblaze's exchanges with consumer networks enable lower latency traffic delivery, ensuring its competitive edge in the market.
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- Award Finalist: Backblaze's B2 Overdrive has been recognized as a finalist for the Most Innovative Data Storage Solution in the 2026 SiliconANGLE Tech Innovation Awards, highlighting its innovative capabilities and market impact in the cloud storage sector.
- Outstanding Performance: B2 Overdrive delivers up to 1Tbps of sustained throughput, specifically designed for AI, machine learning, and high-performance computing workloads, significantly enhancing data processing efficiency while reducing enterprise storage costs.
- Transparent Pricing Strategy: The platform eliminates hidden fees and complex pricing tiers, allowing businesses to deploy flexibly at predictable costs, thereby driving innovation in AI and high-performance computing and transforming the strategic role of cloud storage.
- Market Competitive Edge: Backblaze's high-performance cloud object storage solution stands out in a competitive market, attracting over 500,000 customers and serving hundreds of millions of end users across 175 countries worldwide.
See More
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- Innovative Storage Solution: Backblaze's B2 Overdrive has been named a finalist for the 2026 SiliconANGLE Media Most Innovative Data Storage Solution Award, showcasing its disruptive innovation in the cloud storage sector and enhancing the company's reputation in a competitive market.
- Performance and Cost Advantage: B2 Overdrive delivers up to 1Tbps of sustained throughput, specifically designed for AI, machine learning, and high-performance computing workloads, breaking the traditional trade-off between cost and performance, significantly reducing storage costs for enterprises.
- Transparent Pricing and Flexible Deployment: The platform eliminates hidden fees and provides flexible deployment options, enabling businesses to scale their AI and ML workloads with predictable costs and performance, transforming cloud storage into a strategic enabler.
- Industry Recognition and Future Outlook: Backblaze's B2 Overdrive stands out among numerous competitors, receiving recognition from industry experts, indicating its significant contributions to shaping the future of B2B and B2B2C technology.
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Analyst Ratings and Price Targets: Needham analysts provided ratings and price targets for various companies, including a "Buy" for Backblaze, Cellebrite, Datadog, JFrog, N-Able, Tenable, and Varonis, while Fortinet and Check Point received "Hold" ratings.
Company Performance Insights: Key takeaways from the meetings highlighted that Backblaze is in phase 2 of its market transformation, Cellebrite expects growth to reaccelerate in 2026, and Fortinet aims to boost service revenue growth in the latter half of 2026.
Stock Price Movements: Several stocks saw price increases, including Backblaze (+4.88%) and Datadog (+1.80%), while Fortinet's stock declined slightly by 0.14%.
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- Cost Reductions Achieved: Organizations like Big Cartel and a Fortune 100 media company have modernized their architectures with independent cloud storage, achieving up to 80% reductions in storage costs while enhancing performance and unlocking new AI and data-intensive workflows.
- Addressing Industry Challenges: Thomas will highlight the challenges faced by infrastructure and operations leaders, including data sprawl and vendor lock-in, which hinder the delivery of AI-driven workloads, emphasizing the significance of adopting an independent, vendor-neutral, S3-compatible data layer.
- Personalized Solutions Offered: Attendees can visit Backblaze's booth during the conference to discuss their storage strategies and receive a personalized playbook for building an independent data layer, showcasing Backblaze's commitment to driving innovation and reliability.
See More
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- Industry Leading Discussion: Laquie TN Campbell, Senior Product Marketing Manager at Backblaze, will participate in a panel at the SVG Summit on December 15-16, 2025, discussing the trade-offs between cloud and on-premises storage, emphasizing predictable cost models and workflow efficiency.
- AI and Storage Integration: Campbell highlighted that as AI becomes integral to sports production, storage decisions have shifted to being central to modern content operations, which is expected to drive increased investment in storage solutions.
- Practical Strategy Sharing: The panel will focus on how to scale storage solutions securely and affordably while maintaining speed and flexibility, helping media teams navigate increasingly complex storage demands.
- Exhibition Interaction Opportunities: Attendees can visit Backblaze at booth #308 during the summit for in-depth discussions on storage needs and media workflows, showcasing the company's expertise in cloud storage solutions.
See More
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- AI Traffic Concentration: Q4 data reveals that AI-driven data transfers cluster around compute hubs in the US-East, particularly in Northern Virginia, New York, and Atlanta, underscoring the critical need for low-latency connectivity for model training workloads.
- High-Throughput Connections Normalized: Utilizing its 'magnitude' metric, Backblaze validated a shift from many-to-many internet traffic to sustained, high-throughput connections between specialized storage and compute systems, indicating a rapid evolution in network behavior.
- Accelerated Large-Scale Data Migrations: Migration traffic surged from August to October, driven by private fiber onboarding of large datasets, reflecting an increasing demand for high-performance connectivity among enterprises.
- US-West Remains Crucial: While US-West ISP regional traffic still leads in total volume, Backblaze's exchanges with consumer networks enable lower latency traffic delivery, ensuring its competitive edge in the market.
See More
Backblaze Named Finalist for Most Innovative Data Storage Solution in 2026 Tech Innovation Awards
- Award Finalist: Backblaze's B2 Overdrive has been recognized as a finalist for the Most Innovative Data Storage Solution in the 2026 SiliconANGLE Tech Innovation Awards, highlighting its innovative capabilities and market impact in the cloud storage sector.
- Outstanding Performance: B2 Overdrive delivers up to 1Tbps of sustained throughput, specifically designed for AI, machine learning, and high-performance computing workloads, significantly enhancing data processing efficiency while reducing enterprise storage costs.
- Transparent Pricing Strategy: The platform eliminates hidden fees and complex pricing tiers, allowing businesses to deploy flexibly at predictable costs, thereby driving innovation in AI and high-performance computing and transforming the strategic role of cloud storage.
- Market Competitive Edge: Backblaze's high-performance cloud object storage solution stands out in a competitive market, attracting over 500,000 customers and serving hundreds of millions of end users across 175 countries worldwide.
See More
Backblaze Named Finalist for 2026 Most Innovative Data Storage Solution
- Innovative Storage Solution: Backblaze's B2 Overdrive has been named a finalist for the 2026 SiliconANGLE Media Most Innovative Data Storage Solution Award, showcasing its disruptive innovation in the cloud storage sector and enhancing the company's reputation in a competitive market.
- Performance and Cost Advantage: B2 Overdrive delivers up to 1Tbps of sustained throughput, specifically designed for AI, machine learning, and high-performance computing workloads, breaking the traditional trade-off between cost and performance, significantly reducing storage costs for enterprises.
- Transparent Pricing and Flexible Deployment: The platform eliminates hidden fees and provides flexible deployment options, enabling businesses to scale their AI and ML workloads with predictable costs and performance, transforming cloud storage into a strategic enabler.
- Industry Recognition and Future Outlook: Backblaze's B2 Overdrive stands out among numerous competitors, receiving recognition from industry experts, indicating its significant contributions to shaping the future of B2B and B2B2C technology.
See More
Security Technology Update: Analyst Perspectives from 12 Firms Before the 'Quiet Period'
Analyst Ratings and Price Targets: Needham analysts provided ratings and price targets for various companies, including a "Buy" for Backblaze, Cellebrite, Datadog, JFrog, N-Able, Tenable, and Varonis, while Fortinet and Check Point received "Hold" ratings.
Company Performance Insights: Key takeaways from the meetings highlighted that Backblaze is in phase 2 of its market transformation, Cellebrite expects growth to reaccelerate in 2026, and Fortinet aims to boost service revenue growth in the latter half of 2026.
Stock Price Movements: Several stocks saw price increases, including Backblaze (+4.88%) and Datadog (+1.80%), while Fortinet's stock declined slightly by 0.14%.
Future Expectations: Companies like DigitalOcean and Dynatrace are preparing for future growth with new data center capacity and expected net new ARR reacceleration, respectively, while ServiceNow faces challenges with AI and M&A risks.
See More
Backblaze to Present AI Strategy at Gartner Conference, Achieving 80% Cost Reductions
- AI Strategy Presentation: Backblaze will showcase its strategy at the 2025 Gartner IT Infrastructure, Operations & Cloud Strategies Conference, where GTM Head Patrick Thomas will explain how an independent data layer addresses data sprawl, optimizing storage economics and laying a flexible foundation for AI and multi-cloud initiatives.
- Cost Reductions Achieved: Organizations like Big Cartel and a Fortune 100 media company have modernized their architectures with independent cloud storage, achieving up to 80% reductions in storage costs while enhancing performance and unlocking new AI and data-intensive workflows.
- Addressing Industry Challenges: Thomas will highlight the challenges faced by infrastructure and operations leaders, including data sprawl and vendor lock-in, which hinder the delivery of AI-driven workloads, emphasizing the significance of adopting an independent, vendor-neutral, S3-compatible data layer.
- Personalized Solutions Offered: Attendees can visit Backblaze's booth during the conference to discuss their storage strategies and receive a personalized playbook for building an independent data layer, showcasing Backblaze's commitment to driving innovation and reliability.
See More
Backblaze's Laquie TN Campbell to Speak at 2025 Sports Video Group Summit
- Industry Leading Discussion: Laquie TN Campbell, Senior Product Marketing Manager at Backblaze, will participate in a panel at the SVG Summit on December 15-16, 2025, discussing the trade-offs between cloud and on-premises storage, emphasizing predictable cost models and workflow efficiency.
- AI and Storage Integration: Campbell highlighted that as AI becomes integral to sports production, storage decisions have shifted to being central to modern content operations, which is expected to drive increased investment in storage solutions.
- Practical Strategy Sharing: The panel will focus on how to scale storage solutions securely and affordably while maintaining speed and flexibility, helping media teams navigate increasingly complex storage demands.
- Exhibition Interaction Opportunities: Attendees can visit Backblaze at booth #308 during the summit for in-depth discussions on storage needs and media workflows, showcasing the company's expertise in cloud storage solutions.
See More
