Blaize (NASDAQ:BZAI) Stock Rating Cut to "Hold" at Rosenblatt Securities

Key Points

• Rosenblatt Securities downgraded Blaize to “Hold” from “Buy” and set a $0.40 price target, implying roughly 38% upside from the prior close. The broader analyst consensus is also “Hold,” with an average target of $1.98.
• Blaize shares opened at $0.29 after falling 33.5%, near their 12-month low of $0.26. The company reported a quarterly loss of $0.21 per share, slightly worse than estimates, on $11.99 million in revenue.
• Preliminary third-quarter revenue of approximately $0.5 million led Blaize to cut its 2026 revenue guidance to $32 million–$36 million, below the roughly $41.7 million consensus estimate. The company is counting on potential fourth-quarter orders, including shipments tied to a contract with NeoTensr worth up to $50 million.

Blaize (NASDAQ:BZAI - Get Free Report) was downgraded by equities research analysts at Rosenblatt Securities from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. They currently have a $0.40 price objective on the stock. Rosenblatt Securities' price objective would indicate a potential upside of 37.93% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the company. Craig Hallum cut Blaize from a "strong-buy" rating to a "hold" rating in a report on Tuesday. DA Davidson reissued a "neutral" rating and issued a $1.00 target price (down from $3.00) on shares of Blaize in a research note on Friday, August 14th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Blaize in a research report on Monday, September 21st. Finally, B. Riley Financial lowered their target price on shares of Blaize from $4.00 to $2.00 and set a "buy" rating on the stock in a report on Friday, August 14th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $1.98.

Blaize Stock Down 33.5%

Shares of NASDAQ:BZAI opened at $0.29 on Tuesday. Blaize has a 12-month low of $0.26 and a 12-month high of $6.76. The firm has a market cap of $42.00 million, a P/E ratio of -0.43 and a beta of 0.08. The business has a fifty day simple moving average of $0.62 and a 200 day simple moving average of $1.23.

Blaize (NASDAQ:BZAI - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.01). Blaize had a negative return on equity of 306.51% and a negative net margin of 160.85%.The business had revenue of $11.99 million for the quarter. As a group, equities research analysts expect that Blaize will post -0.76 EPS for the current year.

Institutional Trading of Blaize

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new position in Blaize in the fourth quarter worth approximately $29,000. Abel Hall LLC acquired a new stake in shares of Blaize during the 1st quarter worth about $32,000. Corient Private Wealth LP acquired a new stake in Blaize during the second quarter worth about $28,000. Kera Capital Partners Inc. purchased a new position in Blaize in the 1st quarter valued at about $48,000. Finally, Caerus Investment Advisors LLC bought a new position in shares of Blaize in the 1st quarter worth about $53,000. Institutional investors and hedge funds own 97.12% of the company's stock.

More Blaize News

Here are the key news stories impacting Blaize this week:

• Positive Sentiment: Blaize expects binding, non-cancellable purchase orders from NeoTensr and an existing customer to support fourth-quarter revenue. The company said shipments relate to its previously announced contract with NeoTensr, which could total up to $50 million. Blaize Expects $0.5 Million Third-Quarter Revenue, Updates 2026 Outlook
• Positive Sentiment: The company said it has enough inventory to partially fulfill fourth-quarter orders and is working with suppliers to secure the remaining inventory before year-end, offering a potential path to improved revenue.
• Neutral Sentiment: Blaize’s preliminary third-quarter revenue remains subject to quarter-end closing procedures, so the final result could differ from the approximately $0.5 million estimate.
• Negative Sentiment: Preliminary third-quarter revenue of about $0.5 million was weak and contributed to a reduction in 2026 revenue guidance to $32 million-$36 million, well below the roughly $41.7 million consensus estimate. The company also warned that shipment delays or late customer payments could further hurt revenue recognition. Blaize Provides Preliminary Third Quarter 2026 Revenue Update and Full-Year Guidance Update
• Negative Sentiment: Rosenblatt Securities downgraded BZAI from strong-buy to hold, removing an important bullish signal for the stock. Blaize Cut to Hold at Rosenblatt Securities
• Negative Sentiment: Investor law firms publicized a securities class-action lawsuit alleging investor harm, adding legal and reputational risk. Blaize Investor Class Action Lawsuit

Blaize Company Profile

Blaize, Inc is an artificial intelligence computing company that develops hardware and software for running AI applications at the edge. Its technology is designed to process data locally on devices and systems, reducing the need to send information to centralized cloud infrastructure and supporting applications that require low latency, lower power consumption, or enhanced data privacy.

The company’s offerings include purpose-built edge AI processors, embedded computing platforms, and software tools for developing and deploying machine-learning models.