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 $9.12.
Bennett covers the Technology sector, focusing on stocks such as OneSpan, Mitek Systems, and Zuora. According to TipRanks, Bennett has an average return of 7.3% and a 52.53% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Backblaze with a $11.13 average price target.
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The company has a one-year high of $9.42 and a one-year low of $3.50. Currently, Backblaze has an average volume of 246.9K.
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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 Launches Powered by Backblaze to Enable Platform Providers to Offer Cloud Storage
- Backblaze to Announce Fourth Quarter and Fiscal Year 2023 Results on February 15, 2024
- Backblaze names Ngo as Chief Product Officer
- Backblaze Names David Ngo Chief Product Officer
- Backblaze launches enterprise control to support admin, protection needs
