B. Riley Financial Lowers Backblaze (NASDAQ:BLZE) Price Target to $7.50

Backblaze (NASDAQ:BLZE) had its price target decreased by analysts at B. Riley Financial from $9.00 to $7.50 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley Financial’s price objective suggests a potential upside of 96.59% from the company’s previous close.

BLZE has been the subject of several other reports. Needham & Company LLC reduced their target price on Backblaze from $8.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday. Lake Street Capital restated a “buy” rating on shares of Backblaze in a research report on Tuesday. Craig Hallum cut shares of Backblaze from a “buy” rating to a “hold” rating and set a $4.50 target price on the stock. in a report on Tuesday. Citigroup reiterated a “market outperform” rating on shares of Backblaze in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Backblaze in a report on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.21.

Backblaze Stock Down 12.7%

Shares of NASDAQ:BLZE traded down $0.56 during trading on Tuesday, hitting $3.82. 2,063,337 shares of the company were exchanged, compared to its average volume of 766,391. The firm’s 50 day moving average price is $4.63 and its 200-day moving average price is $6.73. Backblaze has a 12-month low of $3.73 and a 12-month high of $10.86. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market capitalization of $220.13 million, a P/E ratio of -5.70 and a beta of 1.28.

Institutional Investors Weigh In On Backblaze

A number of hedge funds have recently added to or reduced their stakes in BLZE. Royal Bank of Canada increased its position in Backblaze by 1,388.2% during the 4th quarter. Royal Bank of Canada now owns 5,551 shares of the company’s stock worth $26,000 after purchasing an additional 5,178 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in Backblaze by 39.9% in the second quarter. Ameritas Investment Partners Inc. now owns 5,469 shares of the company’s stock valued at $30,000 after acquiring an additional 1,559 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of Backblaze during the 3rd quarter worth $47,000. ProShare Advisors LLC purchased a new stake in shares of Backblaze during the 4th quarter worth $47,000. Finally, Oxford Asset Management LLP acquired a new position in shares of Backblaze during the 4th quarter worth $47,000. Institutional investors and hedge funds own 54.03% of the company’s stock.

Key Headlines Impacting Backblaze

Here are the key news stories impacting Backblaze this week:

• Positive Sentiment: Q4 beat on both EPS and revenue: Backblaze reported $0.06 EPS (vs. $0.01 consensus) and $37.76M revenue (slightly above estimates), showing improvement from a year-ago loss — this likely supported near-term investor interest. MarketBeat Q4 Results
• Positive Sentiment: Product and commercial traction: Backblaze launched B2 Neo (neocloud-focused storage) and announced its largest TCV to date — an eight‑figure neocloud agreement and multiple platform signings that validate enterprise demand for the new product. Financial Post: B2 Neo Launch
• Neutral Sentiment: Earnings call and transcript available: Management provided strategic commentary and slides that investors can review for details on neocloud strategy and contract cadence — useful for assessing longer-term revenue drivers. Seeking Alpha Transcript
• Neutral Sentiment: Third‑party writeups and comparison pieces circulated (e.g., reviews comparing Backblaze with other tech names), which can influence sentiment but are not company announcements. American Banking News Review
• Negative Sentiment: Guidance disappointed vs. Street: Backblaze updated Q1 2026 and FY‑2026 revenue ranges that sit below consensus (Q1 ~ $37.6M–$38.0M vs. ~$38.1M consensus; FY ~$156.5M–$158.5M vs. ~$160.3M consensus), which likely pressured the share price. Business Wire Results & Guidance
• Negative Sentiment: Analyst price-target cut: Needham lowered its PT from $8 to $6 but kept a Buy rating — the lower target reduces near-term upside expectations even though the rating was maintained. StreetInsider: Needham PT Lowered

Backblaze Company Profile

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.