Oppenheimer Maintains Backblaze (BLZE) Outperform Recommendation
Fintel reports that on October 17, 2025, Oppenheimer maintained coverage of Backblaze (NasdaqGM:BLZE) with a Outperform recommendation.
Analyst Price Forecast Suggests 31.13% Upside
As of September 30, 2025, the average one-year price target for Backblaze is $11.97/share. The forecasts range from a low of $8.08 to a high of $16.70. The average price target represents an increase of 31.13% from its latest reported closing price of $9.13 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Backblaze is 133MM, a decrease of 3.31%. The projected annual non-GAAP EPS is -1.53.
What is the Fund Sentiment?
There are 239 funds or institutions reporting positions in Backblaze. This is an increase of 16 owner(s) or 7.17% in the last quarter. Average portfolio weight of all funds dedicated to BLZE is 0.08%, an increase of 5.80%. Total shares owned by institutions increased in the last three months by 11.68% to 31,491K shares. 
The put/call ratio of BLZE is 0.08, indicating a bullish outlook.
What are Other Shareholders Doing?
AWM Investment holds 3,065K shares representing 5.43% ownership of the company. In its prior filing, the firm reported owning 3,044K shares , representing an increase of 0.67%. The firm decreased its portfolio allocation in BLZE by 6.66% over the last quarter.
AIGH Capital Management holds 1,809K shares representing 3.20% ownership of the company. In its prior filing, the firm reported owning 1,712K shares , representing an increase of 5.35%. The firm increased its portfolio allocation in BLZE by 3.44% over the last quarter.
IWM - iShares Russell 2000 ETF holds 1,315K shares representing 2.33% ownership of the company. In its prior filing, the firm reported owning 1,203K shares , representing an increase of 8.50%. The firm increased its portfolio allocation in BLZE by 25.65% over the last quarter.
Whetstone Capital Advisors holds 1,195K shares representing 2.12% ownership of the company. In its prior filing, the firm reported owning 697K shares , representing an increase of 41.66%. The firm increased its portfolio allocation in BLZE by 24.80% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,194K shares representing 2.11% ownership of the company. No change in the last quarter.
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This story originally appeared on Fintel.