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Investing.com - DA Davidson has reiterated its Buy rating on Blaize Inc. (NASDAQ:BZAI) while maintaining its $10.00 price target on the stock. The target represents a 77% upside from the current price of $5.65, with analyst consensus remaining strongly bullish at 1.67 (Strong Buy).
The firm’s decision follows Blaize’s Thursday announcement of a newly secured $120 million contract across the APAC region for hybrid AI deployments, which will include the company’s GSPs and traditional GPU hardware.
This new contract adds to Blaize’s recent business wins, including a previously disclosed $56 million smart city contract in Southeast Asia and an initial $104 million Gulf State defense contract.
In response to these developments, Blaize has raised its fiscal year 2025 revenue guidance to at least $35 million, up from its previous guidance range of $19 million to $50 million.
The company has also issued new guidance for fiscal year 2026, projecting total revenue of at least $130 million as demand increases for edge AI solutions.
In other recent news, Blaize Holdings, Inc. has announced significant developments that are drawing attention from investors. The company reported securing a $120 million agreement with Starshine Computing Power Technology Limited to deploy its hybrid AI platform across the Asia Pacific region. This partnership is expected to significantly boost Blaize’s presence in the market over the next 18 months. In addition, Blaize has raised its fiscal year 2025 revenue guidance to at least $35 million, up from the previous range of $19 million to $50 million, and projects fiscal year 2026 revenue to be at least $130 million.
Analyst firms have responded positively to these developments. Rosenblatt Securities upgraded Blaize’s stock rating from Neutral to Buy, citing strong agreements in Asia and a potential revenue pipeline of approximately $900 million through 2027. Meanwhile, DA Davidson reiterated its Buy rating, maintaining a $10 price target following Blaize’s announcement of a $120 million contract in the APAC region. The company also announced its first Annual Meeting of Stockholders, scheduled for December 2025, where further details on strategic initiatives are expected to be discussed. These announcements reflect Blaize’s ongoing efforts to expand its AI infrastructure solutions in the growing Asian market.
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