Raymond James initiated coverage on Backblaze with a new price target
$BLZE
Computer Software: Prepackaged Software
Technology
Raymond James initiated coverage of Backblaze with a rating of Outperform and set a new price target of $26.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/24/2025 | $7.00 | Mkt Outperform | Citizens JMP |
| 3/11/2025 | $8.00 | Buy | Needham |
| 2/18/2022 | $26.00 → $22.00 | Outperform | Raymond James |
| 12/6/2021 | $28.00 | Buy | Lake Street |
| 12/6/2021 | Outperform | William Blair | |
| 12/6/2021 | $26.00 | Outperform | Raymond James |
| 12/6/2021 | Outperform | Oppenheimer | |
| 12/6/2021 | $30.00 | Market Outperform | JMP Securities |
Independent analysis proves businesses can unlock innovation with up to 56% lower monthly storage cost and up to 100% lower cost of downloads and transactions Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced the release of an independent third-party economic validation report conducted by Informa TechTarget's Enterprise Strategy Group (ESG). The report confirms that Backblaze B2 Cloud Storage delivers significant reduction in total cost of ownership (TCO) compared to legacy hyperscalers. In addition to more predictable pricing and cost savings, Backblaze B2 also enables operational simplicity and impr
Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced their customer IDC LA was able to achieve a 75% reduction in cost by leveraging Backblaze B2 Cloud Storage as their primary off-site backup solution. IDC LA needed a scalable, secure, and cost-effective solution for disaster recovery and nearline storage. Their prior cloud vendor was expensive and inflexible, creating challenges in managing large volumes of high-value media. With tight turnaround times and demanding client expectations, they required predictable costs and rapid access to protect both their content and their reputation for security. "W
Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced the successful closing of a senior secured revolving credit facility in an aggregate principal amount of up to $20.0 million (the "Credit Facility"), of which an aggregate amount of up to $3.0 million will be available through a letter of credit sub facility, with Citizens Bank, N.A. ("Citizens"). Backblaze enters into the agreement with a strong liquidity profile, including more than $50 million in cash and marketable securities as of March 31, 2025. "Coupled with our recent $37.5 million oversubscribed equity offering in November 2024, this new credit
4 - Backblaze, Inc. (0001462056) (Issuer)
4 - Backblaze, Inc. (0001462056) (Issuer)
4 - Backblaze, Inc. (0001462056) (Issuer)