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

Blaize (NASDAQ:BZAI)‘s stock had its “buy” rating reaffirmed by Rosenblatt Securities in a research note issued to investors on Friday,Benzinga reports. They currently have a $6.00 price target on the stock. Rosenblatt Securities’ price target would suggest a potential upside of 64.38% from the stock’s current price.

Blaize Stock Performance

Shares of NASDAQ:BZAI opened at $3.65 on Friday. The stock has a fifty day simple moving average of $3.24. Blaize has a 52 week low of $1.70 and a 52 week high of $19.25.

Blaize (NASDAQ:BZAI) last issued its earnings results on Thursday, August 14th. The company reported ($0.28) EPS for the quarter. The company had revenue of $1.98 million for the quarter.

Hedge Funds Weigh In On Blaize

A number of large investors have recently added to or reduced their stakes in the business. Temasek Holdings Private Ltd purchased a new position in Blaize in the 1st quarter worth $12,833,000. Quarry LP purchased a new position in Blaize in the 1st quarter worth $1,364,000. Geode Capital Management LLC increased its position in shares of Blaize by 0.5% in the second quarter. Geode Capital Management LLC now owns 655,679 shares of the company’s stock valued at $1,955,000 after acquiring an additional 3,031 shares during the period. ATW Spac Management LLC purchased a new position in shares of Blaize in the first quarter valued at about $694,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in shares of Blaize in the first quarter valued at about $644,000. Hedge funds and other institutional investors own 97.12% of the company’s stock.

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.