Analyst Upside

AU · rank #15 · 2026-07-24

BLZE

NASDAQ · $766M (USD)

SignalSell
verdict · CAUTION

The exact numbers the algorithm saw.

Factor scores and the inputs behind this pick.
Composite score
Z-score blend of all factors below.
1.072
EPS revisions (30d)
Change in consensus EPS estimate over the past 30 days ($/share).
-$0.00
Net revisions (30d)
Number of analysts revising upward minus downward.
0
Insider signal (90d)
$0 across 0 unique buyers.
-0.121
Analyst upside
Consensus target $14.83
+16.2%
Momentum acceleration
3-month minus 12-month momentum.
+169.23%
Analyst rating
5 = Strong Buy, 1 = Strong Sell.
4.83
Gross margin TTM+62.3%
52w high$18.25
Market cap (USD)$766M

The AI research card

Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.

Summary

Backblaze is a cloud storage and backup platform whose B2 Cloud Storage segment is accelerating on AI-driven demand, anchored by a ~$335M multi-year CoreWeave deal.

Rationale

All five covering analysts raised price targets in the last 30 days, consensus upside sits at 16%, and a 1,101% earnings surprise with raised full-year guidance directly validates the analyst_upside signal as fundamentally grounded rather than sentiment-only.

Material risks

  • 1Customer concentration risk is acute — the CoreWeave deal is a dominant revenue catalyst, and if CoreWeave builds in-house storage or reduces workloads, BLZE loses its primary AI-growth narrative with no disclosed take-or-pay backstop.
  • 2Hyperscale competitors (AWS S3, Google Cloud Storage) can undercut on price or bundle storage into broader AI infrastructure contracts, threatening B2's low-cost positioning and limiting margin expansion on a still-loss-making P&L.

AI verdict council

Each pick is reviewed independently by 3 models before any order. 1 of 3 voted to proceed.

OpenAI
Caution
Claude
Proceed
Gemini
Error