Blaize (NASDAQ:BZAI) Upgraded by Zacks Research to Hold Rating

Key Points

• Blaize (NASDAQ:BZAI) was upgraded to a "hold" rating by Zacks Research, reflecting shifting analyst confidence.
• Other firms, including Rosenblatt Securities and B. Riley, have established price targets for Blaize at $6.00 and $9.00 respectively, indicating a generally positive outlook on the stock.
• Blaize reported a quarterly loss of ($0.28) earnings per share and generated $1.98 million in revenue, with significant institutional investment holding 97.12% of its stock.

Blaize (NASDAQ:BZAI - Get Free Report) was upgraded by equities research analysts at Zacks Research to a "hold" rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other brokerages have also recently commented on BZAI. Rosenblatt Securities restated a "buy" rating and set a $6.00 price target on shares of Blaize in a research note on Friday, August 15th. B. Riley began coverage on shares of Blaize in a research note on Tuesday, September 9th. They set a "buy" rating and a $9.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $7.38.

Blaize Stock Up 2.4%

Shares of NASDAQ BZAI traded up $0.08 during mid-day trading on Wednesday, hitting $3.35. The company had a trading volume of 1,680,088 shares, compared to its average volume of 1,293,240. The business's 50-day simple moving average is $3.59 and its 200-day simple moving average is $2.97. Blaize has a 12 month low of $1.70 and a 12 month high of $19.25.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of BZAI. Charles Schwab Investment Management Inc. acquired a new stake in shares of Blaize in the first quarter valued at approximately $644,000. HighTower Advisors LLC acquired a new stake in shares of Blaize in the first quarter valued at approximately $81,000. ATW Spac Management LLC acquired a new stake in shares of Blaize in the first quarter valued at approximately $694,000. OMERS ADMINISTRATION Corp acquired a new stake in Blaize during the 1st quarter worth $123,000. Finally, Quarry LP acquired a new stake in Blaize during the 1st quarter worth $1,364,000. Institutional investors 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.