Brokerages Set Blaize Holdings, Inc. (NASDAQ:BZAI) PT at $6.00

Shares of Blaize Holdings, Inc. (NASDAQ:BZAI) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $6.00.

A number of analysts have weighed in on the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $6.00 price objective on shares of Blaize in a research report on Wednesday, March 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of Blaize in a report on Friday. Finally, B. Riley Financial decreased their price target on Blaize from $8.00 to $5.00 and set a “buy” rating for the company in a report on Wednesday, March 25th.

Hedge Funds Weigh In On Blaize

A number of large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. acquired a new stake in shares of Blaize in the 1st quarter worth $348,000. Geode Capital Management LLC increased its stake in shares of Blaize by 0.5% during the second quarter. Geode Capital Management LLC now owns 655,679 shares of the company’s stock worth $1,955,000 after acquiring an additional 3,031 shares during the period. XTX Topco Ltd purchased a new position in Blaize during the second quarter worth about $189,000. AQR Arbitrage LLC purchased a new position in Blaize during the second quarter worth about $298,000. Finally, Voya Investment Management LLC acquired a new stake in Blaize in the third quarter valued at about $44,000. Hedge funds and other institutional investors own 97.12% of the company’s stock.

Blaize Stock Up 15.2%

NASDAQ BZAI opened at $1.82 on Friday. The firm has a market cap of $202.00 million, a P/E ratio of -0.84 and a beta of 0.35. Blaize has a 52-week low of $1.00 and a 52-week high of $6.76. The business’s 50-day moving average price is $1.31 and its 200 day moving average price is $2.47.

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.