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

Shares of Blaize Holdings, Inc. (NASDAQ:BZAI) have been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $7.60.

Several brokerages have weighed in on BZAI. Roth Capital started coverage on Blaize in a report on Tuesday, October 7th. They issued a “buy” rating and a $8.50 price target for the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Blaize in a research report on Monday, December 29th.

Blaize Price Performance

NASDAQ BZAI opened at $2.11 on Friday. The company has a market capitalization of $234.19 million, a P/E ratio of -2.97 and a beta of 0.34. Blaize has a 1-year low of $1.70 and a 1-year high of $11.50. The business has a 50 day moving average price of $2.29 and a 200 day moving average price of $3.28.

Hedge Funds Weigh In On Blaize

Several institutional investors and hedge funds have recently made changes to their positions in BZAI. Legal & General Group Plc bought a new stake in shares of Blaize in the third quarter worth $26,000. Virtu Financial LLC acquired a new stake in shares of Blaize during the 3rd quarter valued at approximately $42,000. ProShare Advisors LLC bought a new position in Blaize during the third quarter worth $43,000. Voya Investment Management LLC acquired a new position in Blaize in the third quarter worth $44,000. Finally, Strs Ohio bought a new stake in Blaize during the third quarter valued at $46,000. 97.12% of the stock is currently owned by hedge funds and other institutional investors.

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.