Blaize Holdings, Inc. (NASDAQ:BZAI) Receives $6.00 Consensus Price Target from Brokerages

Blaize Holdings, Inc. (NASDAQ:BZAI) has earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $6.00.

A number of brokerages have recently issued reports on BZAI. Rosenblatt Securities reissued a “buy” rating and issued a $6.00 target price on shares of Blaize in a report on Wednesday, March 25th. Zacks Research upgraded Blaize from a “hold” rating to a “strong-buy” rating in a research report on Monday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Blaize in a research note on Friday, March 27th. Finally, B. Riley Financial cut their price objective on Blaize from $8.00 to $5.00 and set a “buy” rating for the company in a report on Wednesday, March 25th.

Blaize Stock Down 5.3%

Shares of BZAI opened at $1.79 on Friday. The company has a 50-day moving average price of $1.30 and a two-hundred day moving average price of $2.46. The stock has a market cap of $198.67 million and a price-to-earnings ratio of -0.82. Blaize has a 12 month low of $1.00 and a 12 month high of $6.76.

Hedge Funds Weigh In On Blaize

Several institutional investors have recently added to or reduced their stakes in BZAI. Geode Capital Management LLC grew its stake in Blaize by 0.5% during the second quarter. Geode Capital Management LLC now owns 655,679 shares of the company’s stock worth $1,955,000 after buying an additional 3,031 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Blaize in the 3rd quarter worth approximately $26,000. Virtu Financial LLC acquired a new stake in Blaize during the 3rd quarter valued at $42,000. ProShare Advisors LLC bought a new position in Blaize in the 3rd quarter valued at $43,000. Finally, Voya Investment Management LLC acquired a new position in Blaize in the third quarter worth $44,000. 97.12% of the stock is owned by institutional investors.

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.