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Analysts’ Opinions Are Mixed on These Technology Stocks: Backblaze (BLZE) and Fabrinet (FN)

Tipranks - Tipranks - Wed May 6, 5:32AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Backblaze (BLZE) and Fabrinet (FN).

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Backblaze (BLZE)

In a report released today, Jason Ader from William Blair maintained a Sell rating on Backblaze. The company’s shares closed last Monday at $4.64.

According to TipRanks.com, Ader is a 2-star analyst with an average return of 0.3% and a 43.7% success rate. Ader covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, Rubrik, Inc. Class A, and CommVault Systems. ;'>

Currently, the analyst consensus on Backblaze is a Moderate Buy with an average price target of $6.90.

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Fabrinet (FN)

In a report released today, Ryan Koontz from Needham maintained a Buy rating on Fabrinet, with a price target of $800.00. The company’s shares closed last Monday at $717.80.

According to TipRanks.com, Koontz is a top 100 analyst with an average return of 39.4% and a 53.8% success rate. Koontz covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Ceragon Networks, and Extreme Networks. ;'>

Currently, the analyst consensus on Fabrinet is a Strong Buy with an average price target of $761.17, which is a 5.9% upside from current levels. In a report issued on April 20, TipRanks – Anthropic also upgraded the stock to Buy with a $769.00 price target.

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