Blaize Holdings, Inc. (NASDAQ:BZAI) Receives Consensus Rating of "Buy" from Brokerages

Key Points

• Blaize Holdings, Inc. has received a consensus rating of "Buy" from five brokerages, with an average 12-month price target of $7.3750.
• The stock has recently traded up by 10.4%, reaching a price of $3.93, with a notable twelve-month low of $1.70 and a high of $19.25.
• Institutional investors own a significant majority, with 97.12% of the company's stock held by hedge funds and other institutional investors.

Blaize Holdings, Inc. (NASDAQ:BZAI - Get Free Report) has been assigned an average recommendation of "Buy" from the five ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $7.3750.

Several analysts have commented on BZAI shares. Zacks Research upgraded shares of Blaize to a "hold" rating in a research report on Wednesday, September 10th. B. Riley assumed coverage on Blaize in a report on Tuesday, September 9th. They set a "buy" rating and a $9.00 target price for the company. Rosenblatt Securities reiterated a "buy" rating and set a $6.00 target price on shares of Blaize in a report on Friday, August 15th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Blaize in a research note on Saturday, September 27th.

Blaize Stock Up 10.4%

BZAI stock traded up $0.37 during trading on Friday, reaching $3.93. 3,557,068 shares of the stock were exchanged, compared to its average volume of 1,530,186. Blaize has a twelve month low of $1.70 and a twelve month high of $19.25. The stock has a 50 day simple moving average of $3.60 and a 200-day simple moving average of $3.00.

Blaize (NASDAQ:BZAI - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.28) earnings per share for the quarter. The business had revenue of $1.98 million during the quarter. Blaize has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS.

Hedge Funds Weigh In On Blaize

A number of hedge funds have recently modified their holdings of BZAI. D.A. Davidson & CO. acquired a new position in Blaize in the second quarter valued at $54,000. Vontobel Holding Ltd. purchased a new position in Blaize in the second quarter valued at about $60,000. HighTower Advisors LLC purchased a new stake in shares of Blaize during the 1st quarter valued at approximately $81,000. OMERS ADMINISTRATION Corp purchased a new stake in Blaize in the 1st quarter worth approximately $123,000. Finally, XTX Topco Ltd bought a new position in shares of Blaize in the 2nd quarter worth $189,000. Institutional investors and hedge funds own 97.12% of the company's stock.

Blaize Company Profile

Blaize® has created a transformative new compute solution that unites silicon and software to optimize AI from the edge to the core. We're partnering with customers to transform their products so they can deliver better experiences and better lives.

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