Backblaze (NASDAQ:BLZE) Price Target Lowered to $7.50 at B. Riley Financial

Backblaze (NASDAQ:BLZE) had its price target lowered by B. Riley Financial from $9.00 to $7.50 in a research report released on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts also recently issued reports on BLZE. Needham & Company LLC cut their price target on Backblaze from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Backblaze in a research report on Wednesday, January 21st. Lake Street Capital reaffirmed a “buy” rating on shares of Backblaze in a research note on Tuesday. Craig Hallum lowered shares of Backblaze from a “buy” rating to a “hold” rating and set a $4.50 price objective on the stock. in a research report on Tuesday. Finally, Oppenheimer reduced their target price on shares of Backblaze from $9.50 to $8.50 and set an “outperform” rating for the company in a report on Tuesday. Seven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Backblaze has a consensus rating of “Moderate Buy” and an average target price of $7.21.

Backblaze Trading Down 14.0%

Shares of NASDAQ:BLZE opened at $3.76 on Tuesday. The firm has a market cap of $216.95 million, a price-to-earnings ratio of -8.17 and a beta of 1.28. Backblaze has a 12 month low of $3.67 and a 12 month high of $10.86. The company’s fifty day simple moving average is $4.61 and its 200 day simple moving average is $6.71. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.24.

Hedge Funds Weigh In On Backblaze

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in shares of Backblaze by 1,388.2% during the fourth quarter. Royal Bank of Canada now owns 5,551 shares of the company’s stock worth $26,000 after buying an additional 5,178 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Backblaze by 39.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,469 shares of the company’s stock worth $30,000 after buying an additional 1,559 shares in the last quarter. Global Retirement Partners LLC bought a new position in Backblaze in the third quarter worth approximately $47,000. ProShare Advisors LLC bought a new stake in Backblaze during the 4th quarter valued at $47,000. Finally, Oxford Asset Management LLP bought a new stake in Backblaze during the 4th quarter valued at $47,000. Institutional investors and hedge funds own 54.03% of the company’s stock.

Backblaze News Summary

Here are the key news stories impacting Backblaze this week:

• Positive Sentiment: Q4 beat — Backblaze reported EPS of $0.06 and revenue of $37.76M, topping estimates and showing progress toward profitability. Backblaze Announces Fourth Quarter and Full-Year 2025 Financial Results
• Positive Sentiment: Product & large contract signal growth runway — Backblaze launched B2 Neo (neocloud-focused product) and closed its first eight-figure TCV neocloud deal, validating demand for its AI-era storage offering. Backblaze Launches B2 Neo to Power Surging Neocloud Market; Multiple Major Platforms Already Signed On
• Positive Sentiment: Leadership hire strengthens AI/product focus — Backblaze named Rhett Dillingham SVP of Product, adding experienced AI and cybersecurity product leadership as the company pushes into neocloud and AI use cases. Backblaze Appoints Rhett Dillingham Senior Vice President of Product
• Neutral Sentiment: Earnings call/transcript available for details — Management commentary and the transcript provide deeper color on commercial momentum and margins for investors deciding whether the beat is durable. Backblaze Q4 2025 Earnings Call Transcript
• Negative Sentiment: Revenue guidance missed consensus — Q1 and FY2026 revenue targets were guided slightly below Wall Street expectations (Q1: $37.6–$38.0M vs. ~$38.1M consensus; FY: $156.5–$158.5M vs. ~$160.3M), which likely triggered downward pressure. Backblaze Announces Fourth Quarter and Full-Year 2025 Financial Results
• Negative Sentiment: Analysts trimmed price targets — Needham and B. Riley cut PTs (Needham to $6, B. Riley to $7.50) while keeping buy ratings; lower targets can amplify selling even if ratings remain constructive. Backblaze Inc (BLZE) PT Lowered to $6 at Needham B. Riley Price Target Note
• Negative Sentiment: Technical/volume pressure — Shares are trading well above average volume and below key moving averages (50/200-day), increasing the risk of momentum-driven selling. BLZE MarketBeat Quote

About Backblaze

Backblaze, Inc, a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, such as public, hybrid, and multi-cloud data storage; application development and DevOps; content delivery and edge computing; security and ransomware protection; media management; backup, archive, and tape replacement; repository for analytics, artificial intelligence and machine learning; and Internet of Things.