Added to YB: 2024-05-02
Pitch date: 2024-04-03
BLZE [bullish]
Backblaze, Inc.
-25.98%
current return
Author Info
Avatar Capital shares stock pitches in their newsletter. Sign up for the newsletter.
Company Info
Backblaze, Inc., a cloud storage platform, provides businesses and consumers cloud services to store, use, and protect data in the United States, the United Kingdom, Canada, and internationally.
Market Cap
$278.5M
Pitch Price
$9.97
Price Target
20.14 (+173%)
Dividend
N/A
EV/EBITDA
20.44
P/E
-11.90
EV/Sales
1.97
Sector
IT Services
Category
growth
Backblaze: The Cloud Dark Horse Ready to Disrupt the Industry
BLZE: Cloud storage provider benefiting from shift to cheaper storage & AI. B2 storage 50% of rev, 30-40% growth. 70%+ GM, EBITDA profitable, FCF positive '25. Trades 2.2x '24 sales vs 7-9x peers. $20 PT for 104% upside. Risk: hyperscalers cut price
Read full article (6 min)