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%).
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Truist Financial is selling $5.5 billion in auto loans and exiting the near-prime auto lending market to focus on more profitable areas. The sale includes nearly all assets of its auto finance affiliate, Regional Acceptance Corporation, and is expect...
Carlyle Group's shares have fallen 28% year-to-date, underperforming peers like Apollo, Blackstone, and KKR. Despite this, the company expects 15% annual growth in fee-related and distributable earnings, supported by stable income streams and a stron...
