Blaize's (BZAI) Buy Rating Reaffirmed at Rosenblatt Securities

Key Points

• Rosenblatt Securities has reaffirmed its buy rating for Blaize (BZAI), setting a price target of $6.00, indicating a potential upside of 58.73% from its current price.
• Blaize's stock opened at $3.78 and has experienced a one-year low of $1.70 and a high of $19.25.
• Approximately 97.12% of Blaize's stock is currently held by institutional investors, highlighting strong institutional interest in the company.

Blaize (NASDAQ:BZAI - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Rosenblatt Securities in a research note issued on Friday,Benzinga reports. They currently have a $6.00 price objective on the stock. Rosenblatt Securities' price objective indicates a potential upside of 72.91% from the stock's current price.

Blaize Price Performance

Shares of NASDAQ BZAI traded down $0.05 during trading hours on Friday, hitting $3.47. The company's stock had a trading volume of 942,895 shares, compared to its average volume of 1,355,169. Blaize has a 12 month low of $1.70 and a 12 month high of $19.25. The stock has a 50-day moving average price of $3.26.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BZAI. Charles Schwab Investment Management Inc. bought a new position in shares of Blaize during the 1st quarter valued at about $644,000. HighTower Advisors LLC purchased a new stake in shares of Blaize during the 1st quarter valued at about $81,000. ATW Spac Management LLC purchased a new stake in shares of Blaize during the 1st quarter valued at about $694,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Blaize during the 1st quarter valued at about $123,000. Finally, Quarry LP purchased a new stake in shares of Blaize during the 1st quarter valued at about $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.