Does Backblaze (BLZE) Have the Potential to Rally 70.97% as Wall Street Analysts Expect?

Shares of Backblaze, Inc. (BLZE) have gained 2.7% over the past four weeks to close the last trading session at $6.51, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $11.13 indicates a potential upside of 71%. The mean estimate comprises four short-term price targets with a standard deviation of $1.44. While the lowest estimate of $10 indicates a 53.6% increase from the current ...