Backblaze Q4 Earnings Spark Confidence Amid Mixed Revenue Trends
ByAinvest
Monday, Mar 9, 2026 8:14 pm ET1min read
BLZE--
Backblaze Inc. (BLZE) reported a record adjusted EBITDA margin of 27.6% in Q4 and progress on operational and free cash flow fronts. However, revenue trends were mixed across its B2 and Computer Backup segments. Oppenheimer reduced its price target from $9.50 to $8.50, maintaining an Outperform rating with a 124% upside potential. Craig-Hallum downgraded its rating from Buy to Hold with a target price of $4.50 and a 19% upside potential.
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