Craig-Hallum Upgrades Backblaze Inc (BLZE) to Buy

Craig-Hallum analyst Jeff Van Rhee upgraded Backblaze Inc (NASDAQ: BLZE) from Hold to Buy with a price target of $16.00.

The analyst commented: "Landmark $335M Deal With CoreWeave Changes The Game. Top Line Acceleration And Meaningful Upward Revisions To Revenue And Profits On The Way. Shares To Head Higher On EPS-Based Valuations. Raising Rating To BUY, Increasing Price Target To $16."

For an analyst ratings summary and ratings history on Backblaze Inc click here. For more ratings news on Backblaze Inc click here.

Shares of Backblaze Inc closed at $8.12 yesterday.

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