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."
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Shares of Backblaze Inc closed at $8.12 yesterday.