Recent Analysts’ Ratings Changes for Backblaze (BLZE)

Backblaze (NASDAQ: BLZE) has recently received a number of price target changes and ratings updates:

• 2/24/2026 – Backblaze was given a new $8.00 price target by Loop Capital.
• 2/24/2026 – Backblaze had its “buy” rating reaffirmed by Lake Street Capital.
• 2/24/2026 – Backblaze had its price target lowered by Lake Street Capital from $10.00 to $8.00. They now have a “buy” rating on the stock.
• 2/24/2026 – Backblaze had its price target lowered by Oppenheimer Holdings, Inc. from $9.50 to $8.50. They now have an “outperform” rating on the stock.
• 2/24/2026 – Backblaze was downgraded by Craig Hallum from “buy” to “hold”. They now have a $4.50 price target on the stock.
• 2/24/2026 – Backblaze had its “market outperform” rating reaffirmed by Citigroup Inc..
• 2/24/2026 – Backblaze had its price target lowered by B. Riley Financial, Inc. from $9.00 to $7.50. They now have a “buy” rating on the stock.
• 2/24/2026 – Backblaze had its price target lowered by Needham & Company LLC from $8.00 to $6.00. They now have a “buy” rating on the stock.
• 1/21/2026 – Backblaze had its “sell (d-)” rating reaffirmed by Weiss Ratings.

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.