Rosenblatt Securities Reaffirms Buy Rating for Blaize (NASDAQ:BZAI)

Blaize (NASDAQ:BZAI)‘s stock had its “buy” rating restated by analysts at Rosenblatt Securities in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $2.00 price target on the stock. Rosenblatt Securities’ target price would indicate a potential upside of 330.66% from the stock’s current price.

A number of other research analysts also recently weighed in on BZAI. B. Riley Financial lowered their price target on Blaize from $4.00 to $2.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Weiss Ratings restated a “sell (e+)” rating on shares of Blaize in a research report on Monday, September 21st. Finally, DA Davidson reiterated a “neutral” rating and issued a $1.00 target price (down from $3.00) on shares of Blaize in a report on Friday, August 14th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Blaize currently has a consensus rating of “Hold” and an average target price of $2.38.

Blaize Stock Performance

Shares of NASDAQ:BZAI traded down $0.01 during mid-day trading on Thursday, hitting $0.46. The stock had a trading volume of 1,706,038 shares, compared to its average volume of 6,030,354. The company’s 50 day moving average is $0.66 and its 200-day moving average is $1.25. Blaize has a 12-month low of $0.42 and a 12-month high of $6.76. The company has a market cap of $67.26 million, a PE ratio of -0.68 and a beta of 0.08.

Blaize (NASDAQ:BZAI) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $11.99 million for the quarter. On average, equities research analysts predict that Blaize will post -0.76 EPS for the current fiscal year.

Insider Transactions at Blaize

In other Blaize news, Director Anthony Cannestra sold 50,000 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $1.35, for a total value of $67,500.00. Following the transaction, the director owned 50,000 shares in the company, valued at $67,500. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.40% of the company’s stock.

Institutional Investors Weigh In On Blaize

Several institutional investors have recently made changes to their positions in BZAI. BlackRock Inc. acquired a new position in Blaize in the second quarter worth approximately $10,194,000. Renaissance Technologies LLC lifted its stake in Blaize by 947.4% in the first quarter. Renaissance Technologies LLC now owns 1,404,159 shares of the company’s stock valued at $2,556,000 after acquiring an additional 1,270,096 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Blaize in the first quarter worth approximately $2,192,000. Themes Management Co LLC acquired a new position in shares of Blaize during the 1st quarter worth $1,531,000. Finally, EFG International AG acquired a new position in shares of Blaize during the 2nd quarter worth $594,000. 97.12% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Blaize

Here are the key news stories impacting Blaize this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed a Buy rating and set a $2.00 price target, implying substantial upside from recent levels. However, the target is an analyst estimate rather than a company announcement and may not offset broader investor concerns. Rosenblatt Securities rating
• Positive Sentiment: Blaize’s restructuring is expected to produce approximately $7.5 million to $8.4 million in annualized savings. Management plans to redirect resources toward its hybrid AI platform, AI services, autonomous systems and sovereign AI programs, potentially improving operating efficiency and focusing investment on higher-growth areas. Blaize restructuring announcement
• Neutral Sentiment: The restructuring is expected to be substantially completed by December 31, 2026, with estimated cash costs of $1.1 million to $1.3 million, primarily for severance and benefits. The near-term charges could weigh on results, but the longer-term benefit depends on whether the projected savings materialize.
• Negative Sentiment: Blaize is cutting approximately 26% of its workforce. While intended to reduce expenses, the scale of the layoffs may signal financial pressure and could disrupt execution or employee morale. Blaize workforce reduction
• Negative Sentiment: Several law firms, including SBS Law, Pomerantz, Faruqi & Faruqi and Rosen Law, are promoting or pursuing securities-fraud class actions against Blaize. Investors face an October 5 deadline to seek lead-plaintiff status, keeping potential litigation costs, reputational damage and management distraction in focus. SBS Law lawsuit notice
• Negative Sentiment: Recent insider-trading data shows company executives made multiple sales and no purchases over the past six months, a potentially bearish signal given the stock’s steep decline and ongoing legal scrutiny.

Blaize Company Profile

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.