Blaize (NASDAQ:BZAI – Get Free Report)‘s stock had its “buy” rating reaffirmed by research analysts at Rosenblatt Securities in a research note issued on Thursday, Benzinga reports. They currently have a $2.00 price objective on the stock. Rosenblatt Securities’ price target indicates a potential upside of 337.64% from the stock’s previous close.
A number of other equities analysts have also recently commented on the company. B. Riley Financial decreased their price target on Blaize from $4.00 to $2.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. DA Davidson reaffirmed a “neutral” rating and issued a $1.00 price target (down from $3.00) on shares of Blaize in a research note on Friday, August 14th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Blaize in a research note on Monday, September 21st. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $2.38.
Check Out Our Latest Stock Analysis on BZAI
Blaize Price Performance
Blaize (NASDAQ:BZAI – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.01). The company had revenue of $11.99 million during the quarter. Blaize had a negative return on equity of 306.51% and a negative net margin of 160.85%. On average, equities research analysts expect that Blaize will post -0.76 earnings per share for the current fiscal year.
Insider Activity
In other Blaize news, Director Anthony Cannestra sold 50,000 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were 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 approximately $67,500. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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.
Hedge Funds Weigh In On Blaize
Hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new position in shares of Blaize during the fourth quarter valued at about $29,000. Abel Hall LLC purchased a new position in shares of Blaize during the first quarter valued at about $32,000. Corient Private Wealth LP purchased a new position in shares of Blaize during the second quarter valued at about $28,000. Kera Capital Partners Inc. purchased a new position in shares of Blaize during the first quarter valued at about $48,000. Finally, Caerus Investment Advisors LLC purchased a new position in shares of Blaize during the first quarter valued at about $53,000. Hedge funds and other institutional investors own 97.12% of the company’s stock.
Blaize News Summary
Here are the key news stories impacting Blaize this week:
- Positive Sentiment: Buy rating reaffirmed: Rosenblatt Securities maintained its “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 be difficult to achieve given Blaize’s losses and volatility. Benzinga analyst rating report
- Positive Sentiment: Restructuring could improve cash efficiency: Blaize plans to reduce its workforce by approximately 26% 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 restructuring announcement
- Neutral Sentiment: Short-term restructuring costs: Blaize expects $1.1 million to $1.3 million in charges, primarily severance and benefits, with most recognized in the third quarter. The plan is expected to be substantially complete by December 31, 2026, so any financial benefits may take time to appear.
- Negative Sentiment: Legal overhang continues: Multiple law firms are reminding investors about a securities class action lawsuit and the October 5 deadline to seek lead-plaintiff status. The repeated notices increase visibility around allegations against Blaize and its officers, although they do not represent a court finding of wrongdoing. Faruqi securities lawsuit notice
- Negative Sentiment: Execution and confidence concerns: A 26% workforce reduction may signal financial pressure and could disrupt operations, while recent reported insider activity showed sales and no purchases. Blaize also continues to report substantial losses, increasing the importance of successfully executing the restructuring and converting its AI opportunities into sustainable revenue.
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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