Blaize Holdings, Inc. (NASDAQ:BZAI) Stock Has Consensus Price Target of $1.98 According to Analysts

Blaize Holdings, Inc. (NASDAQ:BZAI) has earned an average rating of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $1.98.

A number of research analysts have commented on the company. Rosenblatt Securities downgraded Blaize from a “buy” rating to a “hold” rating and set a $0.40 target price on the stock. in a research note on Tuesday, October 6th. DA Davidson reaffirmed a “neutral” rating and set a $1.00 price target (down from $3.00) on shares of Blaize in a research note on Friday, August 14th. B. Riley Financial reduced their price target on Blaize from $4.00 to $2.00 and set a “buy” rating for the company in a report on Friday, August 14th. Craig Hallum lowered Blaize from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Blaize in a research note on Monday, September 21st.

Hedge Funds Weigh In On Blaize

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Spark Investment Management LLC bought a new stake in Blaize in the second quarter worth approximately $42,000. Corient Private Wealth LP acquired a new position in Blaize during the second quarter worth $28,000. Bank of America Corp DE acquired a new position in Blaize during the second quarter worth $100,000. EFG International AG bought a new position in Blaize during the second quarter valued at about $594,000. Finally, X Square Capital LLC bought a new position in Blaize during the second quarter valued at about $276,000. Institutional investors own 97.12% of the company’s stock.

Blaize Price Performance

Shares of NASDAQ:BZAI opened at $0.27 on Tuesday. The firm has a fifty day moving average of $0.54 and a two-hundred day moving average of $1.18. Blaize has a 12-month low of $0.23 and a 12-month high of $6.63.

Blaize (NASDAQ:BZAI) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.01). Blaize had a negative return on equity of 306.51% and a negative net margin of 160.85%. The company had revenue of $11.99 million during the quarter. On average, equities analysts predict that Blaize will post -0.76 EPS for the current year.

About Blaize

Blaize, Inc is an artificial intelligence computing company that develops hardware and software for running AI applications at the edge. Its technology is designed to process data locally on devices and systems, reducing the need to send information to centralized cloud infrastructure and supporting applications that require low latency, lower power consumption, or enhanced data privacy.

The company’s offerings include purpose-built edge AI processors, embedded computing platforms, and software tools for developing and deploying machine-learning models.