Blaize (NASDAQ:BZAI) Upgraded at Zacks Research

Zacks Research upgraded shares of Blaize (NASDAQ:BZAI) to a hold rating in a report released on Wednesday morning,Zacks.com reports.

Several other brokerages have also commented on BZAI. Rosenblatt Securities reiterated a “buy” rating and set a $6.00 price target on shares of Blaize in a research note on Friday, August 15th. B. Riley started coverage on shares of Blaize in a research note on Tuesday. They issued a “buy” rating and a $9.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Blaize has a consensus rating of “Buy” and an average price target of $7.38.

Blaize Stock Performance

Shares of BZAI opened at $3.35 on Wednesday. Blaize has a twelve month low of $1.70 and a twelve month high of $19.25. The firm’s fifty day simple moving average is $3.59 and its 200-day simple moving average is $2.98.

Blaize (NASDAQ:BZAI) last announced its quarterly 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. Blaize has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS.

Institutional Trading of Blaize

A number of institutional investors have recently added to or reduced their stakes in BZAI. D.A. Davidson & CO. acquired a new position in Blaize during the second quarter worth about $54,000. Vontobel Holding Ltd. acquired a new position in Blaize during the second quarter worth about $60,000. HighTower Advisors LLC acquired a new position in Blaize during the first quarter worth about $81,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Blaize in the first quarter valued at approximately $123,000. Finally, XTX Topco Ltd acquired a new stake in shares of Blaize in the second quarter valued at approximately $189,000. 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.