Backblaze (BLZE) – Research Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Backblaze (NASDAQ: BLZE) in the last few weeks:

• 6/27/2026 – Backblaze was downgraded by Wall Street Zen from “buy” to “hold”.
• 6/24/2026 – Backblaze had its price target raised by Lake Street Capital from $11.00 to $14.00. They now have a “buy” rating on the stock.
• 6/24/2026 – Backblaze had its price target raised by B. Riley Financial, Inc. from $7.00 to $16.00. They now have a “buy” rating on the stock.
• 6/24/2026 – Backblaze had its “outperform” rating reaffirmed by Citigroup Inc..
• 6/24/2026 – Backblaze had its price target raised by Citizens Jmp from $8.00 to $14.00. They now have a “market outperform” rating on the stock.
• 6/24/2026 – Backblaze had its price target raised by Needham & Company LLC from $8.50 to $14.00. They now have a “buy” rating on the stock.
• 6/23/2026 – Backblaze was upgraded by William Blair from “underperform” to “market perform”.
• 6/23/2026 – Backblaze was upgraded by Craig Hallum from “hold” to “buy”. They now have a $16.00 price target on the stock, up from $6.50.
• 5/15/2026 – Backblaze was downgraded by Weiss Ratings from “sell (d-)” to “sell (e+)”.
• 5/9/2026 – Backblaze was upgraded by Wall Street Zen from “hold” to “buy”.

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.