Blaize Holdings, Inc. (NASDAQ:BZAI) Receives $7.00 Consensus Price Target from Analysts

Shares of Blaize Holdings, Inc. (NASDAQ:BZAI) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $7.00.

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

Institutional Investors Weigh In On Blaize

Several hedge funds have recently modified their holdings of BZAI. Legal & General Group Plc acquired a new stake in shares of Blaize during the 3rd quarter valued at about $26,000. Resurgent Financial Advisors LLC purchased a new position in Blaize during the fourth quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in Blaize in the fourth quarter valued at approximately $29,000. Bank of Montreal Can purchased a new stake in shares of Blaize in the fourth quarter valued at approximately $30,000. Finally, Cetera Investment Advisers purchased a new stake in shares of Blaize in the fourth quarter valued at approximately $38,000. 97.12% of the stock is owned by hedge funds and other institutional investors.

Blaize Trading Up 9.4%

Shares of BZAI stock opened at $1.16 on Monday. Blaize has a twelve month low of $1.00 and a twelve month high of $6.76. The stock has a market cap of $128.75 million, a P/E ratio of -1.63 and a beta of 0.35. The stock has a 50 day moving average of $1.64 and a 200 day moving average of $2.77.

About Blaize

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.