In a report released today, Chad Bennett from Craig-Hallum maintained a Buy rating on Backblaze (BLZE – Research Report). The company’s shares closed last Friday at $9.11.
According to TipRanks, Bennett is a 4-star analyst with an average return of 8.6% and a 54.73% success rate. Bennett covers the Technology sector, focusing on stocks such as Mitek Systems, Teradata, and OneSpan.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Backblaze with a $11.00 average price target, a 20.75% upside from current levels. In a report released on February 9, B.Riley Financial also maintained a Buy rating on the stock with a $11.00 price target.
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BLZE market cap is currently $342.5M and has a P/E ratio of -5.06.
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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 price target raised to $11 from $9 at B. Riley
- Backblaze launches Powered by Blackblaze
- 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
