BLZE Forecast


Bullish Case: Scaling infrastructure and a bullish AI price forecast hint at growth. Drive upgrades could reshape reliability concerns, supporting a price rebound.


Bearish Case: Insider sales, aging drives, and recent negative price momentum may continue pressuring BLZE, with hard drive failure rates escalating costs.


Potential Outcomes: 45% chance of modest recovery on drive upgrades, 35% likelihood of further decline due to historical trends of drive failures, 20% chance of flat market action.


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April 16, 2024


Backblaze Forecast

BLZE        Backblaze
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with BLZE



UBER Forecast + Options Trading Strategies   UBER  Uber (0.95)


APO Forecast + Options Trading Strategies   APO  Apollo (0.95)


CYBR Forecast + Options Trading Strategies   CYBR  CyberArk Software (0.95)


IBM Forecast + Options Trading Strategies   IBM  International Business Machines (0.95)


MA Forecast + Options Trading Strategies   MA  Mastercard Incorporated (0.94)



Uncorrelated Stock Forecasts

Assets with little price relationship to BLZE



NE Forecast + Options Trading Strategies   NE  Noble (0.0)


AGQ Forecast + Options Trading Strategies   AGQ  ProShares Ultra Silver (0.01)


FTNT Forecast + Options Trading Strategies   FTNT  Fortinet (0.01)


FSK Forecast + Options Trading Strategies   FSK  FS KKR (-0.01)


MCD Forecast + Options Trading Strategies   MCD  McDonald's (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against BLZE



PFE Forecast + Options Trading Strategies   PFE  Pfizer (-0.91)


UVXY Forecast + Options Trading Strategies   UVXY  ProShares Ultra VIX Short-Term Futures (-0.92)


VIXM Forecast + Options Trading Strategies   VIXM  ProShares VIX Mid-Term Futures (-0.92)


VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (-0.94)


BOIL Forecast + Options Trading Strategies   BOIL  ProShares Ultra Bloomberg Natural Gas (-0.94)





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