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

Blaize Holdings, Inc. (NASDAQ:BZAI) has earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $7.60.

A number of equities research analysts have recently commented on BZAI shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Blaize in a research note on Monday. Roth Capital initiated coverage on shares of Blaize in a report on Tuesday, October 7th. They set a “buy” rating and a $8.50 price target on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Blaize in a report on Friday, August 15th. B. Riley started coverage on shares of Blaize in a research report on Tuesday, September 9th. They issued a “buy” rating and a $9.00 price objective for the company. Finally, Zacks Research raised shares of Blaize to a “hold” rating in a research note on Wednesday, September 10th.

Blaize Trading Up 1.7%

Shares of BZAI stock opened at $2.40 on Friday. The stock has a 50 day moving average of $3.78 and a 200 day moving average of $3.33. The stock has a market cap of $266.38 million, a P/E ratio of -3.38 and a beta of 0.29. Blaize has a twelve month low of $1.70 and a twelve month high of $19.25.

Institutional Trading of Blaize

Several institutional investors have recently bought and sold shares of BZAI. Temasek Holdings Private Ltd acquired a new position in Blaize during the first quarter worth $12,833,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Blaize in the first quarter valued at about $644,000. Goldman Sachs Group Inc. purchased a new stake in shares of Blaize during the first quarter worth about $348,000. Quarry LP acquired a new position in shares of Blaize during the 1st quarter worth about $1,364,000. Finally, ATW Spac Management LLC acquired a new position in shares of Blaize during the 1st quarter worth about $694,000. 97.12% of the stock is owned by institutional investors and hedge funds.

Blaize Company Profile

Blaize® has created a transformative new compute solution that unites silicon and software to optimize AI from the edge to the core. We’re partnering with customers to transform their products so they can deliver better experiences and better lives.