Latest news with #BZAI
Yahoo
2 days ago
- Business
- Yahoo
Rosenblatt Upgrades Blaize (BZAI) to Buy After Big AI Deals in Asia
Blaize Holdings, Inc. (NASDAQ:BZAI) is one of the 14 Best Technology Penny Stocks to Buy According to Analysts. On July 21, Rosenblatt Securities upgraded Blaize Holdings, Inc. (NASDAQ:BZAI) from Neutral to Buy and increased the price target from $3.00 to $6.00. This decision came after the company announced a second big deal for the deployment of its edge AI platform in Asia. The two agreements are worth $120 million and $56 million. A computer programmer developing a software application for high-performance computing. Rosenblatt noted that Blaize Holdings, Inc. (NASDAQ:BZAI) is securing agreements that are bigger and happening sooner than expected. The firm said that it is impressed with the company's potential revenue pipeline of about $900 million through 2027. The research firm pointed out Blaize Holdings, Inc.'s (NASDAQ:BZAI) edge AI technology as a key strength. They highlighted its high performance per watt, development support ecosystem, and its ability to serve different end markets. Blaize Holdings, Inc. (NASDAQ:BZAI) is a technology company that provides a full-stack programmable processor architecture and a low-code/no-code software platform designed to support AI processing solutions for high-performance computing in edge devices and data centers. While we acknowledge the potential of BZAI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Performing AI Stocks So Far in 2025 and 14 Best Aggressive Growth Stocks to Buy According to Analysts. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
19-07-2025
- Business
- Business Insider
Blaize Stock (BZAI) Rockets 80% on $120M AI Deal
Blaize (BZAI) stock underwent a massive rally on Friday after the programmable, energy-efficient edge AI computing company announced a major artificial intelligence (AI) contract. It has secured an agreement with Starshine Computing Power Technology Limited that will see its technology deployed in AI data centers in Asia starting in Q3 2025 and continuing through 2026. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Blaize will benefit from this collaboration, as it will bring in $120 million in revenue over its initial 18-month period. The agreement will result in Blaize's AI offerings being used in smart city applications, including cities across India, Indonesia, Japan, South Korea, and China. Blaize cofounder and CEO Dinakar Munagala said, 'Asia represents a $112B opportunity for next generation intelligent systems, and inference is leading the charge. Our hybrid AI platform is designed to deliver the efficiency, flexibility, power, and support for multimodal workloads to meet this surge, especially at the edge.' Blaize Stock Movement Today Blaize stock was up 81.52% in pre-market trading on Friday, extending an 8.6% rally from yesterday. Even so, the shares have decreased 79.8% year to date and 72.92% over the past 12 months. Today's rally came with heavy trading of BZAI stock, with some 31 million shares traded, compared to a three-month daily average of about 396,000 units. Is Blaize Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for Blaize is Moderate Buy, based on two Buy and one Sell rating over the past three months. With that comes an average BZAI stock price target of $6.50, representing a potential 114.52% upside for the shares.
Business Insider
17-05-2025
- Business
- Business Insider
Analysts Offer Insights on Financial Companies: Bitfarms (BITF) and Blaize Holdings (BZAI)
There's a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Bitfarms (BITF – Research Report) and Blaize Holdings (BZAI – Research Report) with bullish sentiments. Confident Investing Starts Here: Bitfarms (BITF) In a report issued on May 15, Michael Grondahl from Northland Securities maintained a Buy rating on Bitfarms, with a price target of $3.25. The company's shares closed last Friday at $1.15, close to its 52-week low of $0.82. According to Grondahl is a 5-star analyst with an average return of 16.0% and a 49.0% success rate. Grondahl covers the Financial sector, focusing on stocks such as Applied Digital Corporation, Medallion Financial, and OneMain Holdings. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Bitfarms with a $3.23 average price target, representing a 204.7% upside. In a report issued on April 30, H.C. Wainwright also maintained a Buy rating on the stock with a $4.00 price target. Blaize Holdings (BZAI) In a report issued on May 15, Gil Luria from D.A. Davidson reiterated a Buy rating on Blaize Holdings, with a price target of $10.00. The company's shares closed last Friday at $2.13. According to Luria is a 5-star analyst with an average return of 14.7% and a 59.6% success rate. Luria covers the Technology sector, focusing on stocks such as SoundHound AI, Inc Class A, CoreWeave, Inc. Class A, and ZoomInfo Technologies. Currently, the analyst consensus on Blaize Holdings is a Moderate Buy with an average price target of $3.75, which is a 65.9% upside from current levels. In a report issued on May 12, Craig-Hallum also maintained a Buy rating on the stock.
