Needham initiated coverage on Backblaze with a new price target
$BLZE
Computer Software: Prepackaged Software
Technology
Needham initiated coverage of Backblaze with a rating of Buy and set a new price target of $8.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/23/2026 | Underperform → Mkt Perform | William Blair | |
| 6/23/2026 | $16.00 | Hold → Buy | Craig Hallum |
| 3/23/2026 | Outperform → Underperform | William Blair | |
| 2/24/2026 | $4.50 | Buy → Hold | Craig Hallum |
| 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 |
William Blair upgraded Backblaze from Underperform to Mkt Perform
Craig Hallum upgraded Backblaze from Hold to Buy and set a new price target of $16.00
William Blair downgraded Backblaze from Outperform to Underperform
4 - Backblaze, Inc. (0001462056) (Issuer)
4 - Backblaze, Inc. (0001462056) (Issuer)
4 - Backblaze, Inc. (0001462056) (Issuer)
8-K - Backblaze, Inc. (0001462056) (Filer)
8-K - Backblaze, Inc. (0001462056) (Filer)
10-Q - Backblaze, Inc. (0001462056) (Filer)
Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, will report financial results for its second quarter ending June 30, 2026 on Monday, August 3, 2026 after market close. Following the release of results, Backblaze will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) on August 3, 2026 to discuss the results. Attend the webcast: https://events.q4inc.com/attendee/704175018 Register to listen by phone: https://events.q4inc.com/analyst/704175018?pwd=29EpzfWI Phone registrants will receive dial-in information via email. An archive of the webcast will be available shortly after its completion on the Investor Relations page of the
AI workloads push enterprises toward high-capacity storage; fleet AFR improves to 1.24% year-over-year Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, today published its Q1 2026 Drive Stats report. In this new report, Backblaze notes that 92% of newly deployed hard drives now exceed 20TB to support increasingly data-intensive AI workloads. Now in its thirteenth year, Drive Stats analyzes more than 341,000 production hard drives across Backblaze's global storage cloud, providing the industry's largest publicly available datasets on drive reliability. Of the 10,220 drives deployed during the quarter, more than 9,400 were 20TB or larger. The flee
Backblaze sponsors RAISE Summit; CEO Gleb Budman joins panel on sovereign cloud strategy and judges world's largest AI startup competitionBackblaze (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, today announced its participation as a sponsor of RAISE Summit 2026 taking place July 8–9, 2026, at Le Carrousel du Louvre in Paris, France. Backblaze will confront the next AI infrastructure bottleneck: where data lives, how fast it moves, and what it costs to access. As AI-native enterprises and neocloud operators race to build sovereign, AI-ready infrastructure, Backblaze arrives at RAISE with expertise in the data foundations these businesses need – already supporting
Backblaze sponsors RAISE Summit; CEO Gleb Budman joins panel on sovereign cloud strategy and judges world's largest AI startup competitionBackblaze (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, today announced its participation as a sponsor of RAISE Summit 2026 taking place July 8–9, 2026, at Le Carrousel du Louvre in Paris, France. Backblaze will confront the next AI infrastructure bottleneck: where data lives, how fast it moves, and what it costs to access. As AI-native enterprises and neocloud operators race to build sovereign, AI-ready infrastructure, Backblaze arrives at RAISE with expertise in the data foundations these businesses need – already supporting
Company strengthens go-to-market leadership as AI workloads drive new storage demand Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, today announced the appointment of Anuj Kumar as Chief Revenue Officer. Kumar brings more than two decades of experience scaling cloud revenue organizations at enterprise infrastructure companies — most notably driving NetApp's worldwide cloud business during a period of significant growth. He joins Backblaze as Backblaze advances its go-to-market transformation and AI adoption drives a new phase of infrastructure demand. The appointment follows a period of accelerated momentum for Backblaze's B2 Cloud Storage bus
Backblaze adds strategic AI and cybersecurity leader to drive innovation and operational excellence to continue scaling its platform for the AI era Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, today announced the appointment of Rhett Dillingham as Senior Vice President of Product, strengthening the company's executive leadership team as its cloud storage platform and AI use cases continue to scale. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260224045978/en/Rhett Dillingham, Senior Vice President of Product at Backblaze Dillingham brings more than two decades of product manageme
Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, will report financial results for its second quarter ending June 30, 2026 on Monday, August 3, 2026 after market close. Following the release of results, Backblaze will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) on August 3, 2026 to discuss the results. Attend the webcast: https://events.q4inc.com/attendee/704175018 Register to listen by phone: https://events.q4inc.com/analyst/704175018?pwd=29EpzfWI Phone registrants will receive dial-in information via email. An archive of the webcast will be available shortly after its completion on the Investor Relations page of the
24% Revenue Growth in B2 Cloud Storage, 12% Revenue Growth Overall in Q1 2026 Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, today announced results for its first quarter ended March 31, 2026. "In Q1, we exceeded the top end of our revenue and Adjusted EBITDA guidance, with B2 growing 24% year over year," said Gleb Budman, co-founder and CEO of Backblaze. "We are seeing growing traction with AI customers, including winning a AI training data company and a generative AI video creation company, jointly contributing about $1.5 million in annual contract value, along with a 76% growth in AI customers year over year. As AI models shift from text to
Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, will report financial results for its first quarter ending March 31, 2026 on Monday, May 4, 2026 after market close. Following the release of results, Backblaze will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) on May 4, 2026 to discuss the results. Attend the webcast: https://events.q4inc.com/attendee/290886121 Register to listen by phone: https://registrations.events/direct/Q4I1757373 Phone registrants will receive dial-in information via email. An archive of the webcast will be available shortly after its completion on the Investor Relations page of the Backblaze websi
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