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Backblaze ( (BLZE) ) just unveiled an update.
On August 7, 2025, Backblaze announced a stock repurchase program, allowing the company to buy back up to $10 million of its Class A common stock over the next 12 months, enhancing financial flexibility. In its second quarter of 2025, Backblaze reported a 16% overall revenue growth, with a notable 29% increase in B2 Cloud Storage revenue, and introduced new cybersecurity features and AI-powered solutions, positioning itself as a leading independent cloud storage provider.
The most recent analyst rating on (BLZE) stock is a Buy with a $11.00 price target. To see the full list of analyst forecasts on Backblaze stock, see the BLZE Stock Forecast page.
Spark’s Take on BLZE Stock
According to Spark, TipRanks’ AI Analyst, BLZE is a Neutral.
Backblaze’s strong revenue growth and strategic advancements in AI and customer retention are significant positives. However, ongoing profitability challenges and a negative P/E ratio weigh on the overall score. Technical indicators suggest a neutral market sentiment, and the absence of a dividend yield further impacts valuation.
To see Spark’s full report on BLZE stock, click here.
More about Backblaze
Backblaze is a cloud storage innovator offering high-performance, secure cloud object storage for applications, media management, secure backups, AI workflows, and ransomware protection. Founded in 2007 and headquartered in San Mateo, CA, Backblaze serves over 500,000 customers in 175 countries, providing a modern alternative to traditional cloud providers.
Average Trading Volume: 409,493
Technical Sentiment Signal: Sell
Current Market Cap: $293.7M
Find detailed analytics on BLZE stock on TipRanks’ Stock Analysis page.