DA Davidson reiterates Buy rating on Blaize stock with $10 price target
Investing.com
Published Jul 18, 2025 10:37AM ET
Updated Jul 18, 2025 11:16AM ET
Investing.com - DA Davidson has reiterated its Buy rating and $10.00 price target on Blaize Inc. (NASDAQ:BZAI) following the company's announcement of a new contract. The target represents significant upside from the current price of $4.31, though analyst targets range from $3 to $10, according to InvestingPro data.
Blaize announced Thursday it secured a $120 million contract across the APAC region to deliver hybrid AI deployments, which will include the company's GSPs and traditional GPU hardware.
The new deal follows Blaize's recently disclosed $56 million smart city contract in Southeast Asia and an initial $104 million Gulf State defense contract.
Based on these new contracts, 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 provided guidance for fiscal year 2026, projecting total revenue of at least $130 million.
In other recent news, Blaize Holdings, Inc. announced a significant collaboration with Starshine Computing Power Technology Limited to deploy its hybrid AI platform across Asia Pacific markets. This partnership is valued at a minimum of $120 million over an 18-month period, with the deployment set to begin in the third fiscal quarter of 2025 and continue through 2026. Blaize also entered into a Sales Partner Referral Agreement with Burkhan LLC, facilitating product promotions with potential purchases up to $56.5 million. An initial customer under this agreement, BurTech Systems Tech LLC, is scheduled to start purchasing Blaize products in the second quarter of 2025. Furthermore, Blaize secured a $56 million contract to deploy its edge AI platform across more than 250,000 surveillance systems in Southeast Asia, with expected initial revenue of $6 million in fiscal 2025. The company's technology will support smart infrastructure and public safety applications. Additionally, Blaize has announced its first Annual Meeting of Stockholders to be held virtually in December 2025, with the record date set for October 6, 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Get The News You Want
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.