Backblaze, Inc. (BLZE) stock forecast & analysis
7.87
NasdaqGM · USDDelayed by 15 minutes
Up: +0.47, +6.4%
1 analysis
Latest analysis: · verdict locked
- Open
- 9.67
- Previous close
- 7.40
- Day range
- 7.65 – 9.67
- 52-week range
- 3.26 – 23.99
- Volume (shares)
- 9.28M
- Net assets
- Not available
- Expense ratio
- Not available
- Shares outstanding
- 61.90M
- P/E ratio
- Not available
- Dividend yield
- 0.00%
- Beta
- 1.64
- Market cap
- 487.28M
Market Scanner’s AI analysis of Backblaze, Inc. (BLZE), updated November 2026: Backblaze's Q3 earnings beat and B2 Cloud Storage growth driven by AI demand were central to recent coverage.
This page is the public summary. A signed-in user can run a fresh five-stage AI analysis of Backblaze, Inc. (BLZE) and read the full verdict with the bull and bear debate behind it — using Market Scanner tokens, or their own OpenAI or Anthropic key.
Summary
Backblaze's Q3 earnings beat and B2 Cloud Storage growth driven by AI demand were central to recent coverage.
Recent analyses covered Backblaze's Q3 2026 earnings report, which indicated an earnings and revenue beat against consensus estimates. The B2 Cloud Storage segment showed significant growth, attributed to AI-related demand. The stock has experienced a notable price decline over the past 30 and 91 days, trading significantly below its recent highs and key moving averages.
BLZE news & sentiment
News coverage highlighted Backblaze's Q3 earnings beat and strong B2 Cloud Storage growth, driven by AI demand. Social media discussion focused on the stock's significant price decline and its trading below key moving averages.
BLZE technical picture
The stock has experienced a significant price decline over the past 30 and 91 days, trading well below its recent highs and key moving averages. The 50-day SMA has fallen sharply, while the 200-day SMA has risen slowly, with the price now sitting under both. The gap between the 50-day and 200-day SMAs remains positive but is narrowing.
Fundamentals
The company reported trailing twelve month revenue of $156.3M with a gross margin of 62.3%. No information was provided regarding cash flow or capital intensity.
Factors discussed — upside
- Q3 earnings and revenue beat consensus estimates
- B2 Cloud Storage growth of 47% attributed to AI-related demand
Factors discussed — risks
- Stock price down 45.8% over 30 days and 60.6% over 91 days
- Stock price down approximately 62% from recent highs
- Significant gap-and-slide price movement observed
- Price trading below 50-day and 200-day SMAs with widening gaps
- High sensitivity to market moves indicated by beta of 1.638
- Q3 Earnings Report
- B2 Cloud Storage Growth
- AI-driven Demand
- Technical Price Action
Summary updated .
BLZE technical indicators
Common technical indicators for BLZE, computed from its daily closing prices.
| Indicator | Value | Reading |
|---|---|---|
| 50-day simple moving average | 12.14 | Price below |
| 10-day exponential moving average | 8.56 | Price below |
| Relative strength index (14-day) | 31.54 | Neutral |
| MACD line (12/26/9) | -1.3903 | Below its signal line |
| Bollinger bands (20-day, 2σ) | 5.98 – 13.63 | Price inside the bands |
Analyses
Recent BLZE.US analyses are locked — sign in to read them or generate a fresh one.
Locked
Unlock in the library — 1 newer report
Sign in to unlock the 2026-11-03 BLZE.US analysis
Get the verdict — free
Frequently asked questions
- What is the bull case for Backblaze, Inc.?
- The bull case centers on strong growth in B2 Cloud Storage, which increased by 47% and was driven by AI-related demand, alongside Q3 earnings and revenue that surpassed consensus estimates.
- What are the risks for Backblaze, Inc.?
- The bear case highlights significant stock price declines over the past 30 and 91 days, with the price trading substantially below recent highs and key moving averages. The stock exhibits high sensitivity to market movements, as indicated by its beta, and has experienced a notable gap-and-slide price event.
- Is Backblaze, Inc. bullish or bearish?
- Recent AI analyses of Backblaze, Inc. examined factors on both sides. Discussed upside: The bull case centers on strong growth in B2 Cloud Storage, which increased by 47% and was driven by AI-related demand, alongside Q3 earnings and revenue that surpassed consensus estimates. Discussed risks: The bear case highlights significant stock price declines over the past 30 and 91 days, with the price trading substantially below recent highs and key moving averages. The stock exhibits high sensitivity to market movements, as indicated by its beta, and has experienced a notable gap-and-slide price event. These are descriptive observations, not a recommendation.
- What is the latest sentiment on Backblaze, Inc.?
- News coverage highlighted Backblaze's Q3 earnings beat and strong B2 Cloud Storage growth, driven by AI demand. Social media discussion focused on the stock's significant price decline and its trading below key moving averages.
- How does Market Scanner analyse Backblaze, Inc.?
- Every analysis of Backblaze, Inc. runs the same five stages: four analysts read the market independently, a bull and a bear debate what they found, one agent turns the ruling into a position, three risk perspectives stress-test it, and a final agent writes the report. Market Scanner publishes what each stage does, with figures computed from the analyses on the platform rather than written in by hand.Read the methodology
What is the bull case for Backblaze, Inc.?
The bull case centers on strong growth in B2 Cloud Storage, which increased by 47% and was driven by AI-related demand, alongside Q3 earnings and revenue that surpassed consensus estimates.
What are the risks for Backblaze, Inc.?
The bear case highlights significant stock price declines over the past 30 and 91 days, with the price trading substantially below recent highs and key moving averages. The stock exhibits high sensitivity to market movements, as indicated by its beta, and has experienced a notable gap-and-slide price event.
Is Backblaze, Inc. bullish or bearish?
Recent AI analyses of Backblaze, Inc. examined factors on both sides. Discussed upside: The bull case centers on strong growth in B2 Cloud Storage, which increased by 47% and was driven by AI-related demand, alongside Q3 earnings and revenue that surpassed consensus estimates. Discussed risks: The bear case highlights significant stock price declines over the past 30 and 91 days, with the price trading substantially below recent highs and key moving averages. The stock exhibits high sensitivity to market movements, as indicated by its beta, and has experienced a notable gap-and-slide price event. These are descriptive observations, not a recommendation.
What is the latest sentiment on Backblaze, Inc.?
News coverage highlighted Backblaze's Q3 earnings beat and strong B2 Cloud Storage growth, driven by AI demand. Social media discussion focused on the stock's significant price decline and its trading below key moving averages.
How does Market Scanner analyse Backblaze, Inc.?
Every analysis of Backblaze, Inc. runs the same five stages: four analysts read the market independently, a bull and a bear debate what they found, one agent turns the ruling into a position, three risk perspectives stress-test it, and a final agent writes the report. Market Scanner publishes what each stage does, with figures computed from the analyses on the platform rather than written in by hand.
Read the methodology- Bundles used
- claude-medium-v2
Run a fresh BLZE.US analysis
Configure the ticker, model bundle and debate depth here — you only sign in at the end, and everything you picked comes with you.