Zacks Research Upgrades Blaize (NASDAQ:BZAI) to "Strong-Buy"

Key Points

• Zacks Research upgraded Blaize (NASDAQ:BZAI) from a "hold" to a "strong-buy," and the stock jumped about 15.2%, opening at $1.82 on Monday.
• Analyst sentiment is mixed but positive overall — one Strong Buy, four Buy and one Sell giving a consensus rating of "Moderate Buy" with an average target price of $6.00 (recent targets include Rosenblatt $6.00 and B. Riley $5.00).
• Blaize has a market cap of about $202 million, a negative P/E (-0.84), 12‑month range of $1.00–$6.76, and is heavily institution-owned with approximately 97.12% held by hedge funds and other institutional investors.

Blaize (NASDAQ:BZAI - Get Free Report) was upgraded by equities researchers at Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Monday,Zacks.com reports.

BZAI has been the topic of several other reports. Rosenblatt Securities reissued a "buy" rating and issued a $6.00 target price on shares of Blaize in a research note on Wednesday, March 25th. B. Riley Financial lowered their price target on Blaize from $8.00 to $5.00 and set a "buy" rating for the company in a research report on Wednesday, March 25th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Blaize in a report on Friday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $6.00.

Blaize Trading Up 15.2%

BZAI stock opened at $1.82 on Monday. The stock has a market capitalization of $202.00 million, a price-to-earnings ratio of -0.84 and a beta of 0.35. The firm's 50-day moving average price is $1.31 and its two-hundred day moving average price is $2.47. Blaize has a 12-month low of $1.00 and a 12-month high of $6.76.

Institutional Investors Weigh In On Blaize

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of Blaize by 0.5% during the second quarter. Geode Capital Management LLC now owns 655,679 shares of the company's stock valued at $1,955,000 after buying an additional 3,031 shares during the period. Legal & General Group Plc bought a new position in Blaize in the third quarter worth about $26,000. Virtu Financial LLC bought a new position in Blaize in the third quarter worth about $42,000. ProShare Advisors LLC purchased a new stake in Blaize in the third quarter worth about $43,000. Finally, Voya Investment Management LLC purchased a new stake in Blaize in the third quarter worth about $44,000. 97.12% of the stock is owned by hedge funds and other institutional investors.

About Blaize

Blaize NASDAQ: BZAI is a fabless semiconductor company that designs and develops hardware and software solutions for artificial intelligence (AI) and machine learning applications at the edge. The company’s core technology is centered on its proprietary Graph Streaming Processor (GSP) architecture, which combines dataflow computing with a highly parallel matrix processing engine to deliver real-time AI inference with low power consumption. Blaize’s platform is aimed at customers seeking to deploy sophisticated AI workloads in environments where power efficiency, latency and form factor are critical.

The company offers a hardware portfolio that includes standalone GSP modules, PCIe cards and M.2 form-factor boards, alongside its Blaize AI software stack.

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