AU · rank #8 · 2026-09-10
BLZE
NASDAQ · $819M (USD)
The exact numbers the algorithm saw.
| Composite score Z-score blend of all factors below. | 1.570 |
|---|---|
| EPS revisions (30d) Change in consensus EPS estimate over the past 30 days ($/share). | +$0.13 |
| Net revisions (30d) Number of analysts revising upward minus downward. | 2 |
| Insider signal (90d) $0 across 0 unique buyers. | -0.172 |
| Analyst upside Consensus target $22.83 | +72.6% |
| Momentum acceleration 3-month minus 12-month momentum. | +58.36% |
| Analyst rating 5 = Strong Buy, 1 = Strong Sell. | 4.83 |
| Gross margin TTM | +62.3% |
| 52w high | $23.99 |
| Market cap (USD) | $819M |
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 Inc. operates a dual-segment cloud storage platform, increasingly driving growth through its B2 Cloud Storage service optimized for developers, enterprises, and GPU-centric AI workloads.
Rationale
Strong upward analyst EPS revisions and 73% target upside are fundamentally backed by a massive $335 million CoreWeave contract, which expands RPO to $396 million and prompted management to raise FY26 revenue guidance.
Material risks
- 1Severe revenue concentration and execution risk associated with the multi-exabyte CoreWeave contract, leaving the company vulnerable to potential renegotiations or storage insourcing.
- 2Intemperate price compression and competition from hyperscalers and budget rivals like Wasabi, which could erode Backblaze's software-defined cost advantage.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 2 of 3 voted to proceed.