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Backblaze ( (BLZE) ) just unveiled an update.
On May 27, 2025, Backblaze, Inc. held its 2025 Annual Meeting of Stockholders via webcast, where stockholders voted on two proposals. The first proposal involved the election of Class I directors, Barbara Nelson and Earl E. Fry, who were elected to serve until the 2028 annual meeting. The second proposal ratified Deloitte & Touche LLP as the independent public accounting firm for the fiscal year ending December 31, 2025. These decisions reflect the company’s ongoing governance and financial oversight strategies.
The most recent analyst rating on (BLZE) stock is a Buy with a $11.00 price target. To see the full list of analyst forecasts on Backblaze stock, see the BLZE Stock Forecast page.
Spark’s Take on BLZE Stock
According to Spark, TipRanks’ AI Analyst, BLZE is a Neutral.
Backblaze’s strong revenue growth and positive sentiment from the latest earnings call are significant strengths, contributing to a positive outlook. However, ongoing profitability issues and valuation concerns due to negative earnings weigh down the score. Technical indicators suggest current bullish momentum, but overbought conditions may pose short-term risks.
To see Spark’s full report on BLZE stock, click here.
More about Backblaze
Backblaze, Inc. operates in the technology industry, primarily providing cloud storage and data backup services. The company focuses on offering affordable and reliable solutions for both personal and business data management.
Average Trading Volume: 505,544
Technical Sentiment Signal: Hold
Current Market Cap: $312.9M
For a thorough assessment of BLZE stock, go to TipRanks’ Stock Analysis page.
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