JMP Securities Reiterates Market Outperform on Backblaze, Maintains $18 Price Target
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Erik Suppiger has reiterated a Market Outperform rating on Backblaze (NASDAQ:BLZE) and maintained a price target of $18.

September 01, 2023 | 12:27 pm
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Backblaze's stock may see positive movement as JMP Securities maintains a Market Outperform rating and a price target of $18.
Analyst ratings and price targets can significantly influence a stock's performance. In this case, JMP Securities has reiterated a Market Outperform rating on Backblaze, indicating a positive outlook for the company. The maintained price target of $18 also suggests that the analyst believes the stock has potential for growth, which could attract investors and drive up the stock price.
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