Blaize Holdings, Inc. (NASDAQ:BZAI) Receives $7.60 Average Price Target from Analysts

Shares of Blaize Holdings, Inc. (NASDAQ:BZAI) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $7.60.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Blaize in a research report on Monday, December 29th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake 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 in the last quarter. Legal & General Group Plc acquired a new stake in Blaize in the 3rd quarter worth about $26,000. Virtu Financial LLC bought a new stake in Blaize in the 3rd quarter valued at about $42,000. ProShare Advisors LLC bought a new stake in Blaize in the 3rd quarter valued at about $43,000. Finally, Voya Investment Management LLC acquired a new position in shares of Blaize during the 3rd quarter worth approximately $44,000. Institutional investors own 97.12% of the company’s stock.

Blaize Stock Performance

NASDAQ BZAI opened at $1.27 on Thursday. The stock has a market cap of $140.95 million, a PE ratio of -1.79 and a beta of 0.33. The firm has a 50-day moving average of $2.02 and a 200-day moving average of $3.10. Blaize has a 52-week low of $1.08 and a 52-week high of $6.76.

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.