Rating Change
Needham reiterated its Buy rating on Backblaze, Inc. (NASDAQ:BLZE) on November 03, 2026.
reiterateNASDAQ:BLZE
Needham Reiterates Buy Rating on Backblaze, Inc. (BLZE)
Needham reiterated its Buy rating on Backblaze, Inc. (NASDAQ:BLZE) on November 03, 2026.
At publication ·
What changed
Backblaze, Inc. (NASDAQ:BLZE) · reiterate
- Firm
- Needham
- Rating
- Buy to Buy
- Price at event
- $7.40
- Market capitalization
- $283.1M
At a glance
Key takeaways
- Needham reiterated a Buy rating on Backblaze Inc. (BLZE) on November 3, 2026, with the stock trading at $7.40 and a market cap of $283.1 million.
Market Context
Backblaze, Inc. operates in the Technology sector. The stock currently trades at $7.40 with a market capitalization of $283.1M. The stock has declined 27.9% over the past 52 weeks.
Analyst coverage from Needham provides professional research and price targets that many institutional investors reference when making allocation decisions. The consensus of analyst opinions — along with the range of price targets — helps frame market expectations for Backblaze, Inc.
Analyst ratings and price targets are one input among many for investment decisions. Historical studies show that consensus analyst recommendations have mixed predictive power on their own, but significant changes in consensus — such as multiple upgrades or downgrades in a short period — can be more meaningful signals.
Recent Analyst Activity for Backblaze, Inc.
Among the 10 most recent ratings: 10 Buy, 0 Hold, 0 Sell.
| Date | Firm | Rating | Price Target |
|---|---|---|---|
| Nov 03, 2026 | Needham | Buy | N/A |
| Sep 10, 2026 | Needham | Buy | N/A |
| Aug 04, 2026 | B. Riley Securities | Buy | N/A |
| Aug 04, 2026 | Citizens | Market Outperform | N/A |
| Aug 04, 2026 | Needham | Buy | N/A |
Related Tools: Analyst Ratings Dashboard | View BLZE Stock Page
Frequently Asked Questions
What does the Buy rating mean for BLZE?
A rating of Buy from Needham reflects the analyst's outlook on Backblaze, Inc. (NASDAQ:BLZE). Analyst ratings are one factor investors consider alongside earnings, valuation, and sector trends.
Where can I find more analyst ratings?
Browse recent upgrades and downgrades on our Analyst Ratings Dashboard or the BLZE forecast page.
