Lake Street analyst Eric Martinuzzi maintained a Buy rating on Backblaze (BLZE – Research Report) today and set a price target of $10.00. The company’s shares closed last Friday at $9.11.
Martinuzzi covers the Technology sector, focusing on stocks such as Par Technology, Quantum, and Asure. According to TipRanks, Martinuzzi has an average return of 6.0% and a 46.15% success rate on recommended stocks.
Backblaze has an analyst consensus of Strong Buy, with a price target consensus of $10.50.
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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
