Blaize (NASDAQ:BZAI) Earns “Buy” Rating from Rosenblatt Securities

Blaize (NASDAQ:BZAI)‘s stock had its “buy” rating reaffirmed by analysts at Rosenblatt Securities in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $6.00 price objective on the stock. Rosenblatt Securities’ price objective would suggest a potential upside of 349.44% from the stock’s current price.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Blaize in a research note on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $7.00.

Blaize Stock Performance

BZAI stock traded up $0.23 during midday trading on Wednesday, reaching $1.34. The company’s stock had a trading volume of 39,692,741 shares, compared to its average volume of 3,581,535. Blaize has a 1 year low of $1.00 and a 1 year high of $6.76. The firm has a market capitalization of $148.17 million, a price-to-earnings ratio of -1.88 and a beta of 0.35. The stock has a fifty day simple moving average of $1.37 and a two-hundred day simple moving average of $2.52.

Institutional Investors Weigh In On Blaize

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Blaize by 301.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,587,998 shares of the company’s stock valued at $12,379,000 after purchasing an additional 2,695,204 shares in the last quarter. Geode Capital Management LLC grew its holdings in Blaize by 4.5% in the fourth quarter. Geode Capital Management LLC now owns 1,536,900 shares of the company’s stock valued at $2,997,000 after purchasing an additional 66,178 shares during the period. UBS Group AG grew its holdings in Blaize by 153.4% in the fourth quarter. UBS Group AG now owns 1,343,035 shares of the company’s stock valued at $2,619,000 after purchasing an additional 813,121 shares during the period. State Street Corp increased its position in shares of Blaize by 2.3% in the fourth quarter. State Street Corp now owns 1,292,591 shares of the company’s stock valued at $2,521,000 after buying an additional 29,222 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Blaize in the fourth quarter valued at approximately $1,887,000. Institutional investors own 97.12% of the company’s stock.

Blaize Company Profile

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.