Blaize (NASDAQ:BZAI – Get Free Report)‘s stock had its “buy” rating reiterated by investment analysts at Rosenblatt Securities in a report released on Thursday, Benzinga reports. They currently have a $2.00 target price on the stock. Rosenblatt Securities’ target price would suggest a potential upside of 330.66% from the company’s previous close.
A number of other research firms also recently issued reports on BZAI. B. Riley Financial dropped their target price on shares of Blaize from $4.00 to $2.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. DA Davidson restated a “neutral” rating and issued a $1.00 price objective (down from $3.00) on shares of Blaize in a research report on Friday, August 14th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Blaize in a research report on Monday, September 21st. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $2.38.
View Our Latest Stock Analysis on Blaize
Blaize Stock Performance
Blaize (NASDAQ:BZAI – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.01). The firm had revenue of $11.99 million during the quarter. Blaize had a negative net margin of 160.85% and a negative return on equity of 306.51%. On average, equities research analysts expect that Blaize will post -0.76 EPS for the current fiscal year.
Insider Buying and Selling
In other news, Director Anthony Cannestra sold 50,000 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $1.35, for a total transaction of $67,500.00. Following the completion of the transaction, the director directly owned 50,000 shares in the company, valued at $67,500. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.40% of the stock is owned by insiders.
Hedge Funds Weigh In On Blaize
Several institutional investors and hedge funds have recently modified their holdings of BZAI. BlackRock Inc. bought a new position in shares of Blaize during the second quarter valued at $10,194,000. Renaissance Technologies LLC lifted its position in Blaize by 947.4% in the 1st 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 in the last quarter. Lazard Asset Management LLC bought a new position in Blaize in the 1st quarter valued at approximately $2,192,000. Themes Management Co LLC bought a new position in Blaize in the 1st quarter valued at approximately $1,531,000. Finally, EFG International AG bought a new position in Blaize in the 2nd quarter valued at approximately $594,000. 97.12% of the stock is currently owned by institutional investors.
Blaize News Roundup
Here are the key news stories impacting Blaize this week:
- Positive Sentiment: Restructuring is expected to reduce costs. Blaize plans to cut approximately 26% of its workforce and expects annualized savings of $7.5 million to $8.4 million. Management intends to redirect resources toward its hybrid AI platform, AI services, autonomous systems, and sovereign AI programs. Blaize Announces Restructuring Plan to Focus Resources on Core Growth Areas
- Positive Sentiment: Rosenblatt Securities reaffirmed a Buy rating and set a $2.00 price target, implying substantial upside from recent trading levels. However, the target is based on expectations for future execution and may not offset near-term investor concerns.
- Neutral Sentiment: The restructuring carries both benefits and costs. Blaize expects $1.1 million to $1.3 million in restructuring charges, primarily severance and benefits, with most costs recognized in the third quarter of 2026. The plan is expected to be substantially complete by December 31, 2026. Blaize to Reduce Workforce by Nearly 26%
- Negative Sentiment: Multiple law firms are promoting securities-fraud class actions against Blaize. Investors who purchased shares during specified periods are being encouraged to seek lead-plaintiff status, with an October 5 deadline in several notices. The litigation adds reputational, financial, and uncertainty risks. Faruqi Securities Class Action Notice SBS Securities Fraud Lawsuit Notice
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.
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