Blaize Holdings: Rosenblatt raises PT to $6, maintains Buy rating.

Blaize Holdings: Rosenblatt raises PT to $6, maintains Buy rating.

In a recent upgrade, Rosenblatt Securities has increased its price target for Blaize Holdings (NASDAQ: BZAI) to $6.00, while maintaining its Buy rating. The upgrade comes on the heels of significant deals for the deployment of Blaize's edge AI platform in Asia, totaling $120 million and $56 million [1]. These agreements are larger and happening sooner than anticipated, indicating strong momentum for the company.

Blaize Holdings 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. The company's edge AI technology is praised for its high performance per watt, robust development support ecosystem, and ability to serve various end markets. Rosenblatt is impressed with the company's potential revenue pipeline of about $900 million through 2027.

The upgrade follows positive quarterly results and strong revenue guidance for Blaize. The company reported quarterly results that exceeded expectations for the June quarter, with the September quarter revenue guidance of $11-$11.5 million particularly significant. The company's gross profit margin stands at an impressive 70.18% [3]. Blaize's management has disclosed a potential order pipeline of $725 million through 2027, with $300 million currently in late-stage discussions.

Rosenblatt's continued Buy recommendation is based on Blaize’s energy-efficient, inference-stage GSP technology, which is designed for hybrid AI data centers and network-edge AI applications. The company's recent earnings report highlighted significant revenue growth alongside a narrowed net loss, indicating a positive trajectory.

While Blaize Holdings shows promise, Rosenblatt acknowledges that certain AI stocks may offer greater upside potential and carry less downside risk. Investors should consider these factors when evaluating the stock.

References:
[1] https://www.ainvest.com/news/rosenblatt-raises-blaize-holdings-buy-rating-pt-6-2508/
[2] https://www.ainvest.com/news/analysts-bullish-terawulf-blaize-holdings-2508/
[3] https://www.investing.com/news/analyst-ratings/blaize-stock-rating-reiterated-as-buy-by-rosenblatt-on-strong-revenue-outlook-93CH-4195146