Blaize (NASDAQ:BZAI) Shares Gap Up - Still a Buy?

Key Points

• Blaize Holdings, Inc. (NASDAQ:BZAI) saw its shares **gap up** from $5.01 to $5.68, closing last at $6.29 with a trading volume of over 4 million shares.
• Wall Street analysts have positive outlooks for Blaize, with **majority ratings** being "Buy" or "Strong Buy", and an average target price of **$7.60**.
• Institutional investors control **97.12%** of Blaize's stock, indicating strong investor interest in the company.

Blaize Holdings, Inc. (NASDAQ:BZAI - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $5.01, but opened at $5.68. Blaize shares last traded at $6.29, with a volume of 4,202,744 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on BZAI shares. B. Riley started coverage on shares of Blaize in a research note 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 research note on Friday, August 15th. Zacks Research upgraded shares of Blaize to a "hold" rating in a research note on Wednesday, September 10th. Roth Capital started coverage on shares of Blaize in a research note on Tuesday, October 7th. They set a "buy" rating and a $8.50 target price for the company. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Blaize in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $7.60.

Blaize Price Performance

The stock's fifty day simple moving average is $3.74 and its 200-day simple moving average is $3.11.

Blaize (NASDAQ:BZAI - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.28) earnings per share for the quarter. The firm had revenue of $1.98 million for 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 made changes to their positions in the stock. Temasek Holdings Private Ltd acquired a new position in shares of Blaize in the 1st quarter valued at $12,833,000. Quarry LP acquired a new position in shares of Blaize during the 1st quarter valued at $1,364,000. Geode Capital Management LLC lifted its holdings in shares of Blaize by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 655,679 shares of the company's stock valued at $1,955,000 after acquiring an additional 3,031 shares in the last quarter. ATW Spac Management LLC acquired a new position in shares of Blaize during the 1st quarter valued at $694,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in shares of Blaize during the 1st quarter valued at $644,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.