Brokerages Set Blaize Holdings, Inc. (NASDAQ:BZAI) Target Price at $7.00

Shares of Blaize Holdings, Inc. (NASDAQ:BZAI) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $7.00.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Blaize in a research report on Monday, December 29th.

Institutional Investors Weigh In On Blaize

Hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd purchased a new position in shares of Blaize in the 4th quarter valued at about $29,000. Aristides Capital LLC purchased a new position in Blaize in the fourth quarter worth approximately $86,000. Virtu Financial LLC grew its holdings in Blaize by 179.1% during the 4th quarter. Virtu Financial LLC now owns 33,641 shares of the company’s stock worth $66,000 after acquiring an additional 21,589 shares in the last quarter. Millennium Management LLC acquired a new position in Blaize during the 4th quarter worth approximately $1,887,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of Blaize in the 4th quarter valued at approximately $759,000. Institutional investors and hedge funds own 97.12% of the company’s stock.

Blaize Stock Down 6.8%

Shares of BZAI stock opened at $1.09 on Monday. The firm has a 50 day moving average of $1.60 and a two-hundred day moving average of $2.74. The stock has a market capitalization of $120.98 million, a PE ratio of -1.54 and a beta of 0.35. Blaize has a 52 week low of $1.00 and a 52 week high of $6.76.

About Blaize

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.