Raymond James Maintains Outperform on Backblaze, Raises Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Simon Leopold maintains an Outperform rating on Backblaze (NASDAQ:BLZE) and raises the price target from $12 to $14.
February 16, 2024 | 3:21 pm
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POSITIVE IMPACT
Raymond James has maintained an Outperform rating on Backblaze and increased the price target from $12 to $14.
The upgrade in price target by a reputable analyst like Simon Leopold from Raymond James typically signals a strong conviction in the company's future performance. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100