Analysts Set Blaize Holdings, Inc. (NASDAQ:BZAI) Price Target at $6.00

Blaize Holdings, Inc. (NASDAQ:BZAI) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $6.00.

Several equities analysts recently issued reports on BZAI shares. B. Riley Financial decreased their target price on Blaize from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. Rosenblatt Securities restated a “buy” rating and issued a $6.00 price target on shares of Blaize in a research report on Wednesday, March 25th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Blaize in a research note on Monday, December 29th.

Hedge Funds Weigh In On Blaize

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Blaize by 301.9% in the third quarter. Vanguard Group Inc. now owns 3,587,998 shares of the company’s stock valued at $12,379,000 after purchasing an additional 2,695,204 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Blaize by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 1,536,900 shares of the company’s stock worth $2,997,000 after purchasing an additional 66,178 shares in the last quarter. UBS Group AG increased its stake in shares of Blaize by 153.4% during the 4th quarter. UBS Group AG now owns 1,343,035 shares of the company’s stock worth $2,619,000 after purchasing an additional 813,121 shares in the last quarter. State Street Corp raised its position in shares of Blaize by 2.3% during the 4th quarter. State Street Corp now owns 1,292,591 shares of the company’s stock worth $2,521,000 after purchasing an additional 29,222 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in shares of Blaize during the 4th quarter worth approximately $1,887,000. 97.12% of the stock is currently owned by hedge funds and other institutional investors.

Blaize Price Performance

BZAI opened at $1.73 on Friday. Blaize has a 1-year low of $1.00 and a 1-year high of $6.76. The stock has a market cap of $192.01 million, a P/E ratio of -0.80 and a beta of 0.35. The stock’s 50 day simple moving average is $1.33 and its 200 day simple moving average is $2.49.

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.