5 Best Cybersecurity Stocks to Buy and Hold for the Long Term

In this article, we will discuss the 5 Best Cybersecurity Stocks to Buy and Hold for the Long Term. For deeper discussion and analysis, read 12 Best Cybersecurity Stocks to Buy and Hold for the Long Term.

5. Backblaze, Inc. (NASDAQ:BLZE)

EPS Growth for the Next 5 Years: 37.88%

On June 24, Lake Street analyst Eric Martinuzzi raised the firm’s price target on Backblaze, Inc. (NASDAQ:BLZE) to $14 from $11 while maintaining a Buy rating after the company announced a $335 million total contract value agreement with CoreWeave to provide hard-disk-drive cloud storage for AI workloads. The firm described the agreement as a significant validation of Backblaze’s AI storage strategy, highlighting the company’s competitive positioning and its ability to support large-scale AI infrastructure customers.

On the same day, B. Riley raised its price target on Backblaze, Inc. (NASDAQ:BLZE) to $16 from $7 while reiterating a Buy rating on the shares. The firm believes the multi-year cloud storage agreement with CoreWeave represents a meaningful endorsement of Backblaze’s neocloud strategy to become a leading provider of hard-disk-drive storage for AI cloud infrastructure. B. Riley estimates that the CoreWeave partnership could account for approximately one-quarter of Backblaze’s B2 business by the end of fiscal 2027, with the potential for further expansion beyond that period.

Founded in 2007 and headquartered in San Mateo, California, Backblaze, Inc. (NASDAQ:BLZE) provides essential ransomware protection, data immutability, zero-knowledge encryption, and automated disaster recovery, ensuring businesses and individuals can securely store and recover their critical data. The company is one of the best cybersecurity stocks to buy and hold for the long term.