Rosenblatt Securities Downgrades Blaize (NASDAQ:BZAI) to Hold

Blaize (NASDAQ:BZAI) was downgraded by equities researchers at Rosenblatt Securities from a “buy” rating to a “hold” rating in a research note issued on Tuesday, Marketbeat.com reports. They presently have a $0.40 price target on the stock. Rosenblatt Securities’ price objective would suggest a potential upside of 45.45% from the stock’s current price.

Several other equities analysts have also issued reports on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Blaize in a research note on Monday, September 21st. DA Davidson reissued a “neutral” rating and set a $1.00 price objective (down from $3.00) on shares of Blaize in a report on Friday, August 14th. Craig Hallum cut Blaize from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, B. Riley Financial cut their target price on Blaize from $4.00 to $2.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $1.98.

Blaize Trading Down 5.2%

BZAI traded down $0.02 during midday trading on Tuesday, reaching $0.28. The company’s stock had a trading volume of 945,561 shares, compared to its average volume of 6,006,481. The company has a fifty day simple moving average of $0.62 and a 200 day simple moving average of $1.23. The stock has a market cap of $39.83 million, a P/E ratio of -0.41 and a beta of 0.08. Blaize has a twelve month low of $0.26 and a twelve month high of $6.76.

Blaize (NASDAQ:BZAI) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.01). Blaize had a negative net margin of 160.85% and a negative return on equity of 306.51%. The company had revenue of $11.99 million during the quarter. Sell-side analysts expect that Blaize will post -0.76 earnings per share for the current year.

Institutional Investors Weigh In On Blaize

A number of large investors have recently bought and sold shares of BZAI. Spark Investment Management LLC acquired a new stake in Blaize during the 2nd quarter valued at $42,000. Corient Private Wealth LP acquired a new position in Blaize in the second quarter worth $28,000. Bank of America Corp DE bought a new stake in shares of Blaize during the second quarter worth $100,000. EFG International AG bought a new stake in shares of Blaize during the second quarter worth $594,000. Finally, X Square Capital LLC acquired a new stake in shares of Blaize in the second quarter valued at $276,000. 97.12% of the stock is currently owned by institutional investors.

Key Blaize News

Here are the key news stories impacting Blaize this week:

• Positive Sentiment: Blaize said binding, non-cancellable purchase orders from NeoTensr and an existing customer could support fourth-quarter shipments. The NeoTensr orders relate to a contract valued at up to $50 million, and the company said it has inventory available to partially fulfill fourth-quarter demand. Blaize Expects $0.5 Million Third-Quarter Revenue, Updates 2026 Outlook
• Neutral Sentiment: Rosenblatt Securities downgraded BZAI from “buy” to “hold,” but assigned a $0.40 price target. That target remains above the recently cited $0.28 share price, suggesting potential upside while signaling reduced confidence in the company’s near-term prospects. Blaize Cut to Hold at Rosenblatt Securities
• Negative Sentiment: Blaize expects preliminary third-quarter 2026 revenue of only about $0.5 million. The estimate remains subject to final accounting procedures, but it indicates a major shortfall in near-term sales and raises concerns about shipment timing and customer payments.
• Negative Sentiment: The company cut full-year 2026 revenue guidance to $32 million-$36 million, below the approximately $41.7 million consensus estimate. Management cited working-capital requirements, inventory availability, shipment timing, and potential payment delays as risks to revenue recognition. Blaize Provides Preliminary Third Quarter 2026 Revenue Update and Full-Year Guidance Update
• Negative Sentiment: Investor-rights law firms publicized a securities class-action lawsuit alleging violations of federal securities laws, adding headline and potential litigation risk to the investment case. Class Action Filed Against Blaize Holdings

Blaize Company Profile

Blaize, Inc is an artificial intelligence computing company that develops hardware and software for running AI applications at the edge. Its technology is designed to process data locally on devices and systems, reducing the need to send information to centralized cloud infrastructure and supporting applications that require low latency, lower power consumption, or enhanced data privacy.

The company’s offerings include purpose-built edge AI processors, embedded computing platforms, and software tools for developing and deploying machine-learning models.