Blaize (NASDAQ:BZAI – Get Free Report)‘s stock had its “buy” rating reiterated by research analysts at Rosenblatt Securities in a research note issued on Thursday, Benzinga reports. They presently have a $2.00 target price on the stock. Rosenblatt Securities’ target price suggests a potential upside of 335.73% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Blaize in a research report on Monday, September 21st. B. Riley Financial cut their price target on Blaize from $4.00 to $2.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $1.00 price target (down from $3.00) on shares of Blaize in a research note on Friday, August 14th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $2.38.
Get Our Latest Stock Report on Blaize
Blaize Stock Down 3.8%
Blaize (NASDAQ:BZAI – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.01). Blaize had a negative net margin of 160.85% and a negative return on equity of 306.51%. The firm had revenue of $11.99 million during the quarter. On average, sell-side analysts anticipate that Blaize will post -0.76 earnings per share for the current fiscal year.
Insider Activity
In other 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 transaction of $67,500.00. Following the completion of the sale, the director owned 50,000 shares in the company, valued at approximately $67,500. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.40% of the company’s stock.
Institutional Trading of Blaize
Institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Blaize during the 2nd quarter worth about $10,194,000. Renaissance Technologies LLC grew its holdings in shares of Blaize by 947.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,404,159 shares of the company’s stock worth $2,556,000 after purchasing an additional 1,270,096 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Blaize during the 1st quarter worth about $2,192,000. Themes Management Co LLC purchased a new position in Blaize in the 1st quarter worth approximately $1,531,000. Finally, EFG International AG purchased a new position in Blaize in the 2nd quarter worth approximately $594,000. Hedge funds and other institutional investors own 97.12% of the company’s stock.
Blaize News Roundup
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.
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.
Featured Articles
- Five stocks we like better than Blaize
- Hobby Boom or Travel Bust? Here Are 3 Stocks to Ride the Trend
- Jabil’s Double-Beat and Raise Is a Signal That This Rally Will Continue
- Anthropic’s IPO Could Put Amazon’s and Alphabet’s Paper Profits to the Test
- Microsoft’s AI Spending Didn’t Change—Wall Street’s View of It Did
Receive News & Ratings for Blaize Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blaize and related companies with MarketBeat.com's FREE daily email newsletter.
