DA Davidson Downgrades Blaize Holdings to Neutral From Buy, Adjusts Price Target to $1 From $3
Blaize Holdings (BZAI) has an average rating of buy and mean price target of $4.40, according to analysts polled by FactSet.
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Blaize Holdings (BZAI) has an average rating of buy and mean price target of $4.40, according to analysts polled by FactSet.
Blaize (BZAI) shares fell 21.3% on Wednesday after the company said it priced a public offering of over 18.9 million common shares at $1.85 apiece for gross proceeds of $35 million.The company will grant the underwriters a 30-day overallotment option to buy up to an additional 2.8 million common shares, according to a statement.Net proceeds will be used for general corporate purposes, the company said.The offering is expected to be completed on May 7, subject to closing conditions, according to the company.Price: $1.81, Change: $-0.50, Percent Change: -21.65%
Tech stocks were mixed late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) increasing 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) decreasing 0.1%.The Philadelphia Semiconductor index decreased 0.2%.In corporate news, Apple (AAPL) is planning to introduce a new feature for its next iPhone software update that will allow users to develop and personalize their own digital tickets and gift cards in the Wallet app, Bloomberg reported. The pass-building feature for iOS 27 Wallet is expected to address the issue of many services still not offering passes compatible with the Wallet platform, the report said. Apple shares were down 1.3%.Microsoft-backed (MSFT) OpenAI has secured more than $4 billion from investors for a new joint venture valued at $10 billion to expand adoption of its AI products, Bloomberg reported. Microsoft shares shed 0.5%.Cisco Systems (CSCO) shares rose 0.8% after the company said Monday it plans to buy Astrix Security to broaden its automated agent and non-human identity defense capabilities.Blaize (BZAI) said it signed a strategic partnership agreement with Winmate to integrate its AI chips into systems for defense and critical infrastructure, targeting about $15 million in first-year business. Blaize shares surged 20%.
Tech stocks edged up Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) increasing 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) marginally up.The Philadelphia Semiconductor index decreased 0.5%.In sector news, Cerebras Systems plans to kick off the roadshow for its proposed initial public offering as the AI chipmaker targets raising up to a little over $4 billion.In corporate news, Microsoft-backed (MSFT) OpenAI has secured more than $4 billion from investors for a new joint venture valued at $10 billion to expand adoption of its AI products, Bloomberg reported. Microsoft shares rose 0.1%.Cisco Systems (CSCO) shares rose 1% after the company said Monday it plans to buy Astrix Security to broaden its automated agent and non-human identity defense capabilities.Blaize (BZAI) said it signed a strategic partnership agreement with Winmate to integrate its AI chips into systems for defense and critical infrastructure, targeting about $15 million in first-year business. Blaize shares surged past 27%.
Technology stocks were edging higher premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) and State Street SPDR S&P Semiconductor ETF (XSD) advancing by 0.2%.SAP (SAP) stock was up more than 1% after the company said it agreed to acquire Dremio and Prior Labs in separate deals aimed at strengthening its enterprise AI and data capabilities.Datavault AI (DVLT) stock was down more than 19% after the company said it has agreed to sell 109.1 million common shares in a registered direct offering to institutional investors for gross proceeds of about $60 million.Blaize (BZAI) signed a strategic partnership agreement with Winmate to integrate its AI chips into systems for defense and critical infrastructure, targeting about $15 million in first-year business, the company said. Shares of Blaize were up more than 19% pre-bell.
Harminder Sehmi, Chief Financial Officer, on April 20, 2026, sold 123,460 shares in Blaize Holdings (BZAI) for $281,489. Following the Form 4 filing with the SEC, Sehmi has control over a total of 381,600 common shares of the company, with 381,600 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1871638/000204838326000001/xslF345X05/wk-form4_1776879377.xmlPrice: $2.14, Change: $-0.01, Percent Change: -0.23%