Blaize (NASDAQ:BZAI) Now Covered by Analysts at Roth Capital

Key Points

• Roth Capital has initiated coverage of Blaize (NASDAQ:BZAI), assigning a "buy" rating and a price target of $8.50, indicating a potential upside of 62.52% from its current price.
• The stock currently carries an average rating of "Moderate Buy" with a consensus price target of $7.60, supported by various analysts with mixed ratings from Strong Buy to Sell.
• Blaize has recently attracted institutional interest, with hedge funds acquiring significant stakes, and institutional investors now holding 97.12% of the company's stock.

Equities researchers at Roth Capital started coverage on shares of Blaize (NASDAQ:BZAI - Get Free Report) in a research note issued to investors on Tuesday,Briefing.com Automated Import reports. The brokerage set a "buy" rating and a $8.50 price target on the stock. Roth Capital's target price would suggest a potential upside of 62.52% from the stock's current price.

Other research analysts have also issued reports about the company. Zacks Research raised Blaize to a "hold" rating in a research report on Wednesday, September 10th. Rosenblatt Securities reaffirmed a "buy" rating and set a $6.00 target price on shares of Blaize in a research report on Friday, August 15th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Blaize in a research report on Saturday, September 27th. Finally, B. Riley initiated coverage on Blaize in a research report on Tuesday, September 9th. They set a "buy" rating and a $9.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Blaize currently has an average rating of "Moderate Buy" and a consensus price target of $7.60.

Blaize Price Performance

Shares of BZAI stock traded up $0.18 during mid-day trading on Tuesday, hitting $5.23. The stock had a trading volume of 2,005,445 shares, compared to its average volume of 1,572,158. Blaize has a 12-month low of $1.70 and a 12-month high of $19.25. The firm's 50-day moving average is $3.61 and its two-hundred day moving average is $3.02.

Blaize (NASDAQ:BZAI - Get Free Report) last issued its earnings results 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.

Institutional Investors Weigh In On Blaize

Hedge funds and other institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. acquired a new stake in shares of Blaize in the second quarter valued at approximately $54,000. Vontobel Holding Ltd. acquired a new stake in Blaize during the second quarter worth $60,000. HighTower Advisors LLC acquired a new stake in Blaize during the first quarter worth $81,000. OMERS ADMINISTRATION Corp acquired a new stake in Blaize during the first quarter worth $123,000. Finally, XTX Topco Ltd acquired a new stake in Blaize during the second quarter worth $189,000. Institutional investors and hedge funds own 97.12% of the company's stock.

About Blaize

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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