Narrow Price Target Range for Backblaze Amid Growth Hopes and Execution Risk

Backblaze's latest price target update ranges from $9 to $11, with Oppenheimer maintaining an Outperform rating and lifting its target to $11, citing solid sector fundamentals and strong Q3 deal flow. B. Riley reduced its target to $9 from $11 while maintaining a Buy rating, highlighting execution risk and valuation concerns. The company recently integrated with Shareio for digital content storage, protection, and monetization.