Blaize (NASDAQ:BZAI) Upgraded to Buy at Rosenblatt Securities

Rosenblatt Securities upgraded shares of Blaize (NASDAQ:BZAI) from a neutral rating to a buy rating in a report published on Monday, Marketbeat.com reports. They currently have $6.00 price target on the stock, up from their previous price target of $3.00.

Separately, Craig Hallum began coverage on Blaize in a research report on Tuesday, April 8th. They set a “buy” rating and a $4.50 price objective on the stock.

Blaize Stock Performance

Shares of Blaize stock opened at $4.69 on Monday. Blaize has a one year low of $1.70 and a one year high of $19.25. The company’s 50-day simple moving average is $2.59.

Blaize (NASDAQ:BZAI) last released its earnings results on Wednesday, May 14th. The company reported ($0.29) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Blaize

Institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. purchased a new position in Blaize in the first quarter valued at $644,000. HighTower Advisors LLC acquired a new position in Blaize in the 1st quarter valued at about $81,000. ATW Spac Management LLC acquired a new position in Blaize in the 1st quarter valued at about $694,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Blaize in the 1st quarter valued at approximately $123,000. Finally, Quarry LP purchased a new stake in shares of Blaize in the 1st quarter valued at approximately $1,364,000. 97.12% of the stock is currently owned by institutional investors and hedge funds.

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.