Backblaze, Inc. (NASDAQ:BLZE) is one of the small-cap tech stocks hedge funds were buying in Q2. On October 17, 2025, Oppenheimer analyst Ittai Kidron reaffirmed an Outperform rating on Backblaze and raised the firm’s price target from $10 to$11. In his note, Kidron pointed to encouraging signals from channel checks, including steady deal flow in Q3 and healthy pipeline momentum going into Q4. He also described the competitive landscape as “normal,” suggesting no material change in pricing pressure or ma ...