Analyst Eric Martinuzzi of Lake Street raised the price target for Backblaze (NASDAQ: BLZE) to $14.00, indicating a 28.68% potential upside. Backblaze secured a significant $335 million, five-year cloud storage agreement with AI-focused provider CoreWeave. The news initially boosted Backblaze's shares by as much as 31%, reflecting strong investor confidence in the company's growth prospects.Backblaze (NASDAQ: BLZE) is a company that provides cloud storage and data backup services for businesses and individ ...

Backblaze (NASDAQ: BLZE) is a leading data storage company that provides cloud storage and data backup services. It offers these services to businesses and individuals. The company operates in a competitive market against larger cloud computing providers, focusing on providing cost-effective storage solutions for its customers. The news caused Backblaze shares to surge, rising as much as 31%, as reported by Invezz. The stock price reached $11.66, an increase of $3.54 or about 43.6%. It also set a new 52-wee ...