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Backblaze (BLZE, Internet Services & Infrastructure) Stock Valuation & Fair Value Significantly overvalued

Backblaze (BLZE, Internet Services & Infrastructure) trades at a blended P/E of 77.4, about 16% above its historical normal valuation, with a forward growth estimate of -31.1%. Priced at its historical normal P/E of 66.6 on the same blended earnings, the 2026-09-18 close of $13.16 corresponds to about $11.30 a share. This is a valuation reference, not a price target.

DATA AS OF 2026-09-21
Blended P/E
77.4
Normal P/E
66.6
PEG
—
Fwd growth
-31.1%
Div yield
0.0%
RSI (14)
43.4
Neutral

The Street vs SeerForecast

Wall Street's mean price target for BLZE is $22.83 across 6 analysts, 62.4% above the current price. The average analyst rating is Buy. Our SeerForecast read of the same stock, formed without analyst targets: significantly overvalued. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating has been significantly overvalued since 2026-07-31.

Blended P/E and rating by weekBlended P/E moved from 127.7 to 77.4 between 2026-07-31 and 2026-09-21, against a normal P/E of 66.6, with 0 rating changes over 18 recorded weeks.2026-07-31: P/E 127.7, Significantly overvalued (recalculated)2026-08-03: P/E 138.5, Significantly overvalued2026-08-07: P/E 138.5, Significantly overvalued (recalculated)2026-08-10: P/E 102.3, Significantly overvalued2026-08-14: P/E 102.3, Significantly overvalued (recalculated)2026-08-17: P/E 127.7, Significantly overvalued2026-08-21: P/E 127.7, Significantly overvalued (recalculated)2026-08-24: P/E 82.6, Significantly overvalued2026-08-27: P/E 82.6, Significantly overvalued (recalculated)2026-08-28: P/E 82.6, Significantly overvalued (recalculated)2026-08-30: P/E 82.6, Significantly overvalued (recalculated)2026-08-31: P/E 73.5, Significantly overvalued2026-09-05: P/E 73.5, Significantly overvalued (recalculated)2026-09-07: P/E 67.8, Significantly overvalued2026-09-12: P/E 67.8, Significantly overvalued (recalculated)2026-09-14: P/E 74.1, Significantly overvalued2026-09-19: P/E 74.1, Significantly overvalued (recalculated)2026-09-21: P/E 77.4, Significantly overvalued80.0100.0120.0Jul 31Aug 13Aug 26Sep 8Sep 21Normal P/E 66.6
Attractively valuedFairly valuedAbove fair valueLarger dot: a stronger reading

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

Selected weeks: the first, the latest, and the cheapest and dearest.

WeekBlended P/EPremium to normal P/ERating
2026-07-31P/E 127.7+92%Significantly overvalued
2026-08-03P/E 138.5+108%Significantly overvalued
2026-09-07P/E 67.8+2%Significantly overvalued
2026-09-21P/E 77.4+16%Significantly overvalued ← now

Frequently asked questions

Is Backblaze stock overvalued?

At a blended P/E of 77.4 versus its historical normal P/E of 66.6, Backblaze trades about 16% above its typical valuation. tickerseer currently rates it significantly overvalued.

What is Backblaze's fair value and PEG?

Backblaze trades at a blended P/E of 77.4 against a historical normal P/E of 66.6, a forward growth estimate of -31.1%. Priced at its historical normal P/E of 66.6 on the same blended earnings, the 2026-09-18 close of $13.16 corresponds to about $11.30 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Backblaze changed?

tickerseer's rating has been significantly overvalued since 2026-07-31.

What is the analyst price target for Backblaze?

The mean Wall Street price target for Backblaze is $22.83 across 6 analysts, 62.4% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Internet Services & Infrastructure. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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