14 Best Technology Penny Stocks to Buy According to Analysts

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4. Blaize Holdings, Inc. (NASDAQ:BZAI)

Share Price: $3.20

Average Price Target Upside Potential According to Analysts: 87.50%

Number of Hedge Fund Holders: 7

Blaize Holdings, Inc. (NASDAQ:BZAI) is one of the 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.

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