Needham Rates Backblaze (BLZE) buy, $14 Price Target
Needham maintains its Buy rating on Backblaze Inc. with a price target of $14, a 16.96% upside from the current price.
Reviewed by automated data checks against the source data. How we make and check alerts
Needham rated Backblaze, Inc. ($BLZE) "buy" with a $14 price target on June 24, 2026.
Since the rating, $BLZE is up 36.7% after 1 week, down 3.0% after 1 month and down 28.1% to date (from the $11.97 close on Jun 24, 2026).
BLZE
Backblaze, Inc.
Key Points
- Needham reiterated its Buy rating on Backblaze Inc. (BLZE) on June 24, 2026, with a price target of $14.00.
- Needham's $14 price target implies 16.96% upside from Backblaze, Inc.'s ($BLZE) current $11.97 share price.
- The stock is currently trading at $11.97, significantly below its 52-week high of $23.99.
- Analysts have a consensus Buy rating on Backblaze, with a mean price target of $22.83 based on six opinions.
Get $BLZE trade alerts by text
We text you when insiders, Congress or big funds trade $BLZE. Free.
Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Backblaze, Inc. alert may contain errors. Disclosures
Needham Reiterates Buy Rating on Backblaze
Needham has reaffirmed its Buy rating on Backblaze Inc. (BLZE) as of June 24, 2026, setting a price target of $14.00. The stock was priced at $11.97 on that day, which is below its previous close of $13.16.
Needham vs. the S&P 500
Hypothetical returns from Needham's disclosed trades, not real profit or advice. How we model this.
Analysts Set New Price Targets
This latest rating from Needham follows several recent analyst actions. On September 10, 2026, Needham reiterated its Buy rating with a target of $23.00. Other firms like Oppenheimer and B. Riley Securities have also maintained positive ratings. Oppenheimer set its target at $25.00, while B. Riley Securities has a target of $24.00.
Stock Performance and Market Context
Backblaze shares have seen considerable fluctuations, reaching a 52-week high of $23.99 and a low of $3.26. The stock's current price of $11.97 indicates it trades significantly lower than its peak, suggesting potential for recovery. This situation may attract investor interest, especially as analysts express optimism about the company's future.
$BLZE price target
Backblaze, Inc. daily closes and this analyst's $14 target. Not advice.
Recent Earnings
Backblaze reported revenue of $156.3 million, reflecting a growth rate of 17.7%. However, it remains unprofitable with an EPS of -0.35. The next earnings report is scheduled for November 5, 2026, which could provide more insight into the company’s performance and influence future analyst ratings.
What BLZE Does
Backblaze, Inc. is a cloud storage provider based in San Francisco, California. It offers services for data storage and backup for both individuals and businesses across various industries. The company is focused on providing secure and efficient cloud solutions, which is vital as data needs continue to grow.
What's Ahead for BLZE
Investors will be watching Backblaze closely as it approaches its next earnings date on November 5, 2026. The company’s performance in this report could impact analyst ratings and investor sentiment. The reiterated Buy rating from Needham reflects confidence in the company’s potential, but market conditions will also play a significant role in its stock movement.
Related Filing Alerts
Source: Needham's rating change on $BLZE (Jun 24, 2026). Written by software, not financial advice. How we make alerts