Blaize Stock (BZAI) Gains Hefty Price Target in New Analyst Coverage
Blaize Holdings stock (NASDAQ: BZAI) has been given a boost this morning following the initiation of coverage by Roth Capital, which assigned a “Buy” rating and an $8.50 price target. This positive assessment underscores the company’s potential in the rapidly expanding market for energy-efficient artificial intelligence (AI) edge computing solutions.
With the Blaize stock price jumping 28.5% during Monday’s trading session, sentiment may be shifting after a 66.33% drop since the turn of the year. The new price target reflects confidence in Blaize’s ability to capitalize on a total addressable market that Roth Capital estimates will reach $30 billion by 2030.
The firm anticipates that Blaize is positioned for “hyper-growth”…
