In a mixed market, investors continue to look for stocks with strong analyst support and a clear growth path. The three companies below each carry a Strong Buy consensus, and their average price targets suggest at least 20% potential gains over the next year. They operate in cloud storage, asset management software, and digital intelligence, with analysts pointing to solid expansion prospects.
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Backblaze
Backblaze (BLZE) is a cloud storage provider that focuses on backup and B2 storage solutions. The company recently reported quarterly revenue of $36.3 million, up 16% year-over-year, with its B2 revenue up 29%. Analysts see momentum stemming from the launch of B2 Overdrive and a sharp rise in demand from AI customers. The stock trades at $7.46, and the average price target stands at $9.75, implying a 30% upside. Six of seven analysts covering the stock rate it a Buy.
PowerFleet
PowerFleet (AIOT) develops Internet-of-Things asset-management solutions across sectors like logistics, auto, and retail. Recent results showed service revenue grew 53% year-over-year to $86.5 million, reflecting the company’s push into SaaS. New strategic partnerships and strong AI pipeline growth also stood out in the latest report. Shares trade at $4.60, and the average price target is $9.58, implying over a 100% upside. Seven of eight analysts covering the stock rate it a Buy, highlighting confidence in the company’s shift to higher-margin services.
Similarweb
Similarweb (SMWB) provides digital intelligence tools that track website and app traffic. The company posted a 17% year-over-year revenue increase to $71 million, with its customer base expanding by 18% to nearly 6,000. Analysts also point to strong adoption of its AI-driven data products and steady positive cash flow. The stock trades at $8.72, while the average price target is $12.75, suggesting over 40% upside. Eight of nine analysts covering the stock rate it a Buy.
