Rosenblatt Upgrades Blaize (BZAI) to Buy After Big AI Deals in Asia

Blaize Holdings, Inc. (NASDAQ:BZAI) is one of the 14 Best Technology Penny Stocks to Buy According to Analysts. On July 21, Rosenblatt Securities upgraded Blaize Holdings, Inc. (NASDAQ:BZAI) from Neutral to Buy and increased the price target from $3.00 to $6.00.

This decision came after the company announced a second big deal for the deployment of its edge AI platform in Asia. The two agreements are worth $120 million and $56 million.

Rosenblatt noted that Blaize Holdings, Inc. (NASDAQ:BZAI) is securing agreements that are bigger and happening sooner than expected. The firm said that it is impressed with the company’s potential revenue pipeline of about $900 million through 2027.

The research firm pointed out Blaize Holdings, Inc.’s (NASDAQ:BZAI) edge AI technology as a key strength. They highlighted its high performance per watt, development support ecosystem, and its ability to serve different end markets.

Blaize Holdings, Inc. (NASDAQ:BZAI) is a technology company that 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.

While we acknowledge the potential of BZAI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.