In a report released today, Chad Bennett from Craig-Hallum maintained a Buy rating on Backblaze (BLZE – Research Report). The company’s shares closed yesterday at $5.22.
Bennett covers the Technology sector, focusing on stocks such as Evolv Technologies Holdings, Backblaze, and PROS Holdings. According to TipRanks, Bennett has an average return of 1.9% and a 47.25% success rate on recommended stocks.
Backblaze has an analyst consensus of Strong Buy, with a price target consensus of $15.25.
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The company has a one-year high of $8.19 and a one-year low of $3.50. Currently, Backblaze has an average volume of 201K.
Based on the recent corporate insider activity of 244 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BLZE in relation to earlier this year.
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Backblaze (BLZE) Company Description:
Backblaze Inc provides cloud storage services. The company offers services such as Backblaze B2 Cloud Storage which enables customers to store data, developers to build applications, and partners to expand their use cases. It is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases including backups, multi-cloud, application development, and ransomware protection and Backblaze Computer Backup automatically backs up data from laptops and desktops for businesses and individuals. Geographically, it derives a majority of revenue from the United States.
Read More on BLZE:
- Backblaze Debuts Computer Backup v9.0 Including Restore App
- 3 Best Stocks to Buy Now, 9/1/2023, According to Top Analysts
- Qencode and Backblaze Scale Up With Integrated Cloud Storage Powered by Backblaze B2 Partner API
- Backblaze announces expanded partnership with Qencode
- Backblaze price target raised to $12.50 from $11.00 at Raymond James
