Oppenheimer Maintains Outperform on Backblaze, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Ittai Kidron maintains an Outperform rating on Backblaze (NASDAQ:BLZE) but lowers the price target from $11 to $10.
August 09, 2024 | 3:15 pm
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NEUTRAL IMPACT
Oppenheimer analyst Ittai Kidron maintains an Outperform rating on Backblaze but lowers the price target from $11 to $10.
The Outperform rating suggests continued confidence in Backblaze's performance, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100