Blaize Holdings, Inc. (NASDAQ:BZAI) Receives Average Recommendation of “Moderate Buy” from Analysts

by · The Markets Daily

Shares of Blaize Holdings, Inc. (NASDAQ:BZAI – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $7.60.

BZAI has been the subject of several research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Blaize in a research report on Monday, December 29th. Roth Capital initiated coverage on Blaize in a research note on Tuesday, October 7th. They set a “buy” rating and a $8.50 price target for the company.

View Our Latest Research Report on Blaize

Blaize Stock Up 7.1%

Shares of BZAI stock opened at $2.26 on Friday. The firm has a market cap of $250.84 million, a P/E ratio of -3.18 and a beta of 0.34. The company has a 50 day moving average of $2.27 and a 200-day moving average of $3.27. Blaize has a 12-month low of $1.70 and a 12-month high of $11.50.

Hedge Funds Weigh In On Blaize

Several large investors have recently modified their holdings of BZAI. Legal & General Group Plc bought a new stake in Blaize during the 3rd quarter worth approximately $26,000. Virtu Financial LLC purchased a new position in shares of Blaize during the 3rd quarter valued at $42,000. ProShare Advisors LLC purchased a new stake in shares of Blaize in the third quarter worth $43,000. Voya Investment Management LLC bought a new stake in Blaize during the third quarter valued at $44,000. Finally, Strs Ohio bought a new stake in Blaize during the third quarter valued at $46,000. Hedge funds and other institutional investors own 97.12% of the company’s stock.

About Blaize

(Get Free Report)

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.

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