Craig-Hallum Upgrades Backblaze Inc (BLZE) to Buy
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Get Alerts BLZE Hot Sheet
Rating Summary:
6 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 16 | New: 12
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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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