Award Announcement: Backblaze, Inc. has been awarded the 2025 Cloud Computing Security Excellence Award for its B2 Object Lock feature, recognizing its innovative approach to cloud storage security.
CEO Statement: Gleb Budman, CEO and co-founder of Backblaze, emphasized that this recognition underscores the company's dedication to helping businesses address increasing cyber threats and comply with data regulations.
B2 Object Lock Feature
Functionality: The B2 Object Lock feature ensures data immutability, preventing files from being altered or deleted for a designated retention period, thus acting as a safeguard against ransomware, insider threats, and human error.
Compliance and Security: This feature supports regulatory compliance and legal hold requirements, enhancing business continuity and disaster recovery strategies by making critical files tamper-proof.
Company Overview
Business Model: Backblaze offers high-performance, secure cloud object storage, enabling customers to manage applications, media, backups, and AI workflows at a lower cost compared to traditional providers.
Customer Base: The company serves over 500,000 customers across 175 countries, showcasing its global reach and impact in the cloud storage market.
About TMC
Award Significance: TMC has been recognizing technology companies for over 20 years, with its awards considered prestigious in the communications and technology sectors, highlighting leaders in technological advancement.
Marketing Solutions: TMC provides comprehensive marketing solutions, including live events and lead generation programs, to help technology vendors enhance their visibility and branding in the market.
BLZE
$4.62+Infinity%1D
Analyst Views on BLZE
Wall Street analysts forecast BLZE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BLZE is 9.50 USD with a low forecast of 8.00 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
Wall Street analysts forecast BLZE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BLZE is 9.50 USD with a low forecast of 8.00 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 4.580
Low
8.00
Averages
9.50
High
11.00
Current: 4.580
Low
8.00
Averages
9.50
High
11.00
Lake Street
Eric Martinuzzi
Buy
downgrade
$11 -> $10
2025-11-07
Reason
Lake Street
Eric Martinuzzi
Price Target
$11 -> $10
2025-11-07
downgrade
Buy
Reason
Lake Street analyst Eric Martinuzzi lowered the firm's price target on Backblaze to $10 from $11 and keeps a Buy rating on the shares after reducing it out-year revenue view and assuming a lower growth rate for 2026 following the company's Q3 report.
B. Riley
Zach Cummins
Buy
downgrade
$11 -> $9
2025-11-07
Reason
B. Riley
Zach Cummins
Price Target
$11 -> $9
2025-11-07
downgrade
Buy
Reason
B. Riley analyst Zach Cummins lowered the firm's price target on Backblaze to $9 from $11 and keeps a Buy rating on the shares.
Oppenheimer
Oppenheimer
Outperform
maintain
$10 -> $11
2025-10-17
Reason
Oppenheimer
Oppenheimer
Price Target
$10 -> $11
2025-10-17
maintain
Outperform
Reason
Oppenheimer raised the firm's price target on Backblaze to $11 from $10 and keeps an Outperform rating on the shares. The firm expects solid quarterly results for the analytics, data, infrastructure, and security software group. Most companies are positioned to report revenue upside and modestly increase fiscal year guidance, the analyst tells investors in a research note. Opco's channel conversations suggest solid Q3 deal flow, Q4 pipeline generation, and normal competitive dynamics. It remains bullish longer-term across the group.
Citizens JMP
Outperform
maintain
$7 -> $8
2025-08-08
Reason
Citizens JMP
Price Target
$7 -> $8
2025-08-08
maintain
Outperform
Reason
Citizens JMP raised the firm's price target on Backblaze to $8 from $7 and keeps an Outperform rating on the shares. The company reported "promising" Q2 revenue, the analyst tells investors in a research note.
About BLZE
Backblaze, Inc. is a cloud storage company. The Company's two cloud services that it offers on its Storage Cloud are: Backblaze B2 Cloud Storage and Backblaze Computer Backup. Backblaze B2 Cloud Storage enables customers to store data, developers to build applications, and partners to expand their use cases. The amount of data stored in this cloud service can scale up and down as needed on a pay-as-you-go basis, or can be paid for on a capacity basis or committed contract for greater predictability. This Infrastructure-as-a-Service enables use cases including backups, multi-cloud, application storage, ransomware protection, and storage for artificial intelligence/machine learning workflows. Backblaze Computer Backup automatically backs up data from laptops and desktops for businesses and individuals. This service is offered as a subscription-based Software-as-a-Service and serves use cases including computer backup, ransomware protection, theft and loss protection, and remote access.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
