Blaize Holdings' assessed fair value has been cut from US$1.80 to US$1.25 as analysts turned more cautious on the stock. B. Riley and Roth Capital kept Buy ratings but lowered their price targets to US$2 and US$2.50, while Rosenblatt moved to Neutral with a US$0.40 target and Craig Hallum moved to Hold with a US$0.35 target after guidance cuts, a Q3 revenue shortfall and questions around the US$50m NeoTensr contract. DA Davidson also downgraded Blaize Holdings to Neutral and cut its target to US$1, flagging reduced full year guidance, customer delays and limited visibility. The valuation reset reflects repeated guidance reductions, accounts receivable collection issues with large customers and the overhang from Department of Justice subpoenas, alongside a revised FY26 revenue range of US$40m to US$43m. In the updated model, forecast revenue growth was revised from 40.03% to 33.22%, the net profit margin assumption moved from 19.86% to 20.07%, the projected future P/E was reset from about 16x to roughly 12.8x, and the discount rate moved from 11.21% to 11.25%.
Blaize Holdings, Inc.Analysts cut Blaize's fair value to US$1.25 and slashed price targets after guidance cuts, a Q3 revenue shortfall, customer delays and DOJ subpoenas.
BRC Group Holdings, Inc.
