Craig-Hallum Upgrades Backblaze Inc (BLZE) to Buy

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June 23, 2026 12:21 PM EDT
Get Alerts BLZE Hot Sheet
Price: $11.97 +2.66%

Rating Summary:
    6 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 4 | Down: 8 | New: 54
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(Updated - June 23, 2026 12:22 PM EDT)

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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