Backblaze (BLZE) Stock: Buy, Sell, or Hold?
BLZE - Backblaze, Inc. Class A Common Stock
$8.38
0.98 (13.24%)
▲
5d:
-9.41%
30d:
-39.63%
90d:
-54.99%
HOLD
MODERATE Confidence
Analysis Updated: Nov 3, 2026 12:00 AM ET
Earnings: Nov 02, 2026
0d
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Interactive Price Chart (1 Month)
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Bottom Line:
📊 HOLD: BLZE shows mixed signals. Fine to hold existing positions. Not urgent to buy or sell.
📊 HOLD: BLZE shows mixed signals. Fine to hold existing positions. Not urgent to buy or sell.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$9.50
Based on 7.1% avg growth
INTRINSIC VALUE TODAY
$5.90
Trading above historical range
How this is calculated: We use a Growth Decay Model: starting with analyst consensus growth (adjusted above) and gradually slowing it down to a long-term terminal rate (4%) by Year 5. This provides a more realistic valuation than assuming constant hyper-growth. We then apply a 25.0x Exit PE.
In-depth Analysis How we analyze
Valuation Analysis: BLZE is currently trading at $8.38, which is considered oversold relative to its 30-day fair value range of $8.55 to $13.37. From a valuation perspective, the stock is trading at a discount (Forward PE: 31.0) compared to its historical average (70.1). Remarkably, the market is currently pricing in an annual earnings decline of 23.8% over the next few years. This aligns with recent fundamental challenges.
Technical Outlook: Technically, BLZE is in a downtrend. Immediate support is located at $6.68, while resistance sits at $9.74. The stock is showing strong short-term momentum, up 13.2% recently.
Market Sentiment: The stock scores a mixed 53/100 on our bottoming-setup gauge, with only partial signs of a stabilized entry point. Wall Street analysts see significant upside, with an average price target of $22.83 (+172.5%). The stock is fairly positioned - fine to hold existing positions or accumulate slowly on dips, but not an urgent buy.
Technical Outlook: Technically, BLZE is in a downtrend. Immediate support is located at $6.68, while resistance sits at $9.74. The stock is showing strong short-term momentum, up 13.2% recently.
Market Sentiment: The stock scores a mixed 53/100 on our bottoming-setup gauge, with only partial signs of a stabilized entry point. Wall Street analysts see significant upside, with an average price target of $22.83 (+172.5%). The stock is fairly positioned - fine to hold existing positions or accumulate slowly on dips, but not an urgent buy.
Quick Decision Summary
Current Position
OVERSOLD
Historical Trading Range
$8.55 -
$13.37
Company Quality Score
56/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
84.3%
Protect Your Profits
Holding BLZE? Use our AI-powered strategies to protect your downside while keeping your long-term position.
View Profit Protection PlanAll Signals
- BULLISH: Price oversold vs 30-day range
- NEUTRAL: Mixed technical signals (53/100)
- BULLISH: High volume confirmation
- BULLISH: Strong upward momentum (+13.2%)
- BULLISH: Trading 172.5% below Wall St target ($22.83)
- NEUTRAL: Bottoming setup forming (53/100) — watch for confirmation
- CAUTION: 5-day price weakness (-9.4%) - monitor closely
Trading Range Analysis
30-Day Trading Range
$8.55 -
$13.37
Current vs Trading Range
OVERSOLD
Support & Resistance Levels
Support Level
$6.68
Resistance Level
$9.74
Current Trend
Downtrend
Technical data as of
Nov 3, 2026
Fundamental Context
Forward P/E (Next Year Est.)
31.04
Wall Street Target
$22.83
(+172.5%)
Revenue Growth (YoY)
17.7%
Profit Margin
-13.1%
Valuation Discount vs History
-23.8% cheaper
PE vs Historical
31.0 vs 70.1
CHEAP
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
-23.8%
(market-implied from PE analysis)
1-Year Target
$7.54
(-10%)
2-Year Target
$6.79
(-19%)
3-Year Target
$6.11
(-27%)
3-Yr Target (if PE normalizes)
(PE: 31→70)
$13.80
(+65%)
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 31.0, Growth: 10.2%)
$11.22
(+34%)
Base:
(SPY PE: 19.9, Growth: 10.2%)
$7.18
(-14%)
Bear:
(PE: 16.9, Growth: 10.2%)
$6.10
(-27%)
💡
Upside Surprise Potential
If earnings stabilize (0% growth), PE could expand from 31.0 to 70.1
Stabilization Target:
$18.93
(+125.9%)
PE Expansion Potential:
+125.9%
Share & Embed Analysis
Last updated: November 03, 2026 8:27 PM ET
Data refreshes hourly during market hours. Next update: 9:27 PM
Data refreshes hourly during market hours. Next update: 9:27 PM
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Technical Signals Check
Is BLZE showing a specific setup today?
Insider Activity (6 Months)
0
Buys
0
Sells
0
Net
NEUTRAL
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Advanced BLZE Option Strategies
Professional options setups generated by AI based on today's BLZE price and gamma walls.
