The average of price targets set by Wall Street analysts indicates a potential upside of 90% in Backblaze (BLZE). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Backblaze (BLZE) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
The average of price targets set by Wall Street analysts indicates a potential upside of 103.6% in Backblaze (BLZE). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Software - Infrastructure Industry | Technology Sector | Gleb Budman CEO | NASDAQ (NMS) Exchange | 05637B105 Cusip |
US Country | 346 Employees | - Last Dividend | - Last Split | 11 Nov 2021 IPO Date |
Backblaze, Inc. is a prominent storage cloud platform that extends its services to both businesses and consumers across the United States and globally. Established in 2007 and based in San Mateo, California, the company specializes in offering cloud solutions that are not only efficient but also secure for storing, utilizing, and protecting data. Constructed on a scalable software infrastructure that utilizes commodity hardware, Backblaze is committed to delivering top-tier cloud services that cater to a wide array of data management needs.
A consumption-based Infrastructure-as-a-Service (IaaS) offering that provides customers with a versatile platform for data storage. Developers can leverage this service for building applications, while partners can explore new use cases. Backblaze B2 is designed to support various applications including public, hybrid, and multi-cloud storage; application development and DevOps; content delivery and edge computing; security and ransomware protection; media management; and as a robust solution for backup, archive, and replacing tape systems. It also serves as a repository for analytics, artificial intelligence, machine learning projects, and Internet of Things (IoT) applications.
This service is a subscription-based Software-as-a-Service (SaaS) that automatically backs up data from laptops and desktops for both businesses and individuals. It addresses critical needs such as computer backup, ransomware protection, protection against theft and loss, and enables remote access to backed-up data. Designed with user convenience in mind, it offers a seamless solution for ensuring data protection without manual intervention.