Craig-Hallum Maintains Buy on Backblaze, Raises Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Chad Bennett maintains a Buy rating on Backblaze (NASDAQ:BLZE) and raises the price target from $10 to $11.
October 21, 2024 | 5:10 pm
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POSITIVE IMPACT
Craig-Hallum analyst Chad Bennett has reaffirmed a Buy rating for Backblaze and increased the price target from $10 to $11, indicating positive sentiment and potential upside for the stock.
The reaffirmation of a Buy rating and an increase in the price target from $10 to $11 by Craig-Hallum suggests a positive outlook for Backblaze. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100