Backblaze received a Buy rating with a $16 price target due to strong growth in its B2 Cloud Storage segment, which saw 34% revenue growth in Q2. Core growth excluding price increases was about 26%, and new large AI contracts such as CoreWeave improve future revenue visibility. However, gross margins are under short-term pressure as infrastructure investments precede revenue recognition, leading to negative free cash flow for several quarters. Risks include delays in CoreWeave deployment and rising hardware costs, but long-term contracts support the company's growth outlook.
Backblaze's recent AI contract developments provide context for technology sector trends. For readers following the technology sector, here is Pluang's market snapshot as of Sep 15, 2026 21:21 WIB: out of 150 priced US tech stocks tradable on Pluang, 50 rose and 96 fell today. Notable price changes include NOK at USD 9.99 (+3.52%), HPE at USD 57.32 (+3.45%), and HOOD at USD 110.39 (-3.45%).
The Law Offices of Frank R. Cruz is investigating Alignment Healthcare following a whistleblower lawsuit claiming the company misclassified $8-10 million in expenses to inflate its adjusted EBITDA and stock price. This alleged accounting manipulation...
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Leonardo DRS secured a 10-year prime contract under NASA's SEWP VI program, enabling federal agencies to quickly procure its defense products and services until 2036. This contract extends DRS's role as a SEWP prime contractor, supporting key militar...
Honey Badger Silver announced promising assay results from its first exploration program at the Yava Project in Nunavut, revealing high-grade silver, copper, gold, zinc, and lead samples. This marks the first systematic work at Yava in nearly two dec...
