15 Best Technology Penny Stocks to Buy

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6. Backblaze, Inc. (NASDAQ:BLZE)

Share Price: $4.99

Number of Hedge Fund Holders: 24

Backblaze, Inc. (NASDAQ:BLZE) is one of the best technology penny stocks to buy. On December 2, TipRanks reported that Lake Street analyst Eric Martinuzzi reiterated a Buy rating on Backblaze, Inc. (NASDAQ:BLZE) with a price target of $10.

In other news, on November 18, Backblaze, Inc. (NASDAQ:BLZE) announced a new partnership for its B2 Cloud Storage platform with Shareio. Shareio is a new platform that helps creators earn money from their digital content while keeping it safe with strong security and clear economics.

According to the report by Backblaze, Inc. (NASDAQ:BLZE), Shareio is helping address critical gaps in the creator economy by allowing creators to safely store, distribute, and monetize creative assets without depending on restrictive platforms that charge huge fees or have unclear charges.

The integration of Backblaze, Inc.’s (NASDAQ:BLZE) B2 Cloud Storage with Shario’s platform will allow creators to store their work cost-effectively and also keep full control over distribution and monetization. This will remove unexpected fees and limitations that are common on other cloud platforms.

Backblaze, Inc. (NASDAQ:BLZE) is a cloud storage and data backup company that helps support AI workflows, power data-heavy applications, streamline media management, and protect critical data.

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