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

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

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

Hedge Funds Weigh In On Blaize

A number of institutional investors have recently bought and sold shares of BZAI. Resurgent Financial Advisors LLC acquired a new position in shares of Blaize in the fourth quarter worth $26,000. X Square Capital LLC acquired a new position in Blaize in the 4th quarter worth about $390,000. Goldman Sachs Group Inc. raised its stake in shares of Blaize by 2,270.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 278,178 shares of the company’s stock worth $542,000 after purchasing an additional 266,441 shares in the last quarter. BRC Group Holdings Inc. bought a new stake in shares of Blaize in the 4th quarter valued at approximately $163,000. Finally, Intech Investment Management LLC acquired a new position in Blaize in the fourth quarter worth approximately $64,000. Hedge funds and other institutional investors own 97.12% of the company’s stock.

Blaize Trading Down 1.3%

BZAI stock opened at $1.17 on Thursday. Blaize has a 52 week low of $1.08 and a 52 week high of $6.76. The company’s 50-day moving average price is $1.96 and its 200 day moving average price is $3.04. The company has a market cap of $129.30 million, a P/E ratio of -1.64 and a beta of 0.33.

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.