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Investing.com - B.Riley has initiated coverage on Blaize Inc. (NASDAQ:BZAI) with a Buy rating and a $9.00 price target, citing the company’s positioning in the enterprise AI adoption cycle. The stock, currently trading at $3.11, has analyst targets ranging from $6 to $10, suggesting significant upside potential despite its 72% decline over the past year.
The research firm highlights Blaize’s edge-optimized graph streaming processors (GSP) products and software stack as complementary to existing data center GPU training investments but at lower incremental cost.
B.Riley points to two recent deals worth $165 million in sales through the fourth quarter of 2026, plus a $725 million opportunity funnel, as evidence of customer solution resonance in the market.
The firm notes that direct GSP competitors appear limited to Israeli-based private company Hailo Technology and, less directly, to data center-centric players, giving Blaize a competitive advantage in a growing market segment.
Blaize currently has $28.9 million in cash (including restricted cash), which B.Riley considers adequate in the near term, while acknowledging that profitability may take multiple years but could accelerate with successful pipeline conversion.
In other recent news, Blaize Inc. reported its second-quarter 2025 earnings, revealing significant revenue growth and a narrowed net loss. The company’s quarterly results exceeded expectations, as noted by DA Davidson, which reiterated its Buy rating and maintained a $10.00 price target. Rosenblatt Securities also reiterated its Buy rating with a $6.00 price target, highlighting Blaize’s strong revenue guidance and recent customer agreements. The company provided a revenue outlook for the September quarter, expecting between $11 million and $11.5 million. Both DA Davidson and Rosenblatt emphasized the strong performance and future potential, particularly in the AI sector. These recent developments underscore Blaize’s promising future opportunities, as observed by industry analysts.
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