Cerebras Systems Inc. (NASDAQ:CBRS) Receives Average Recommendation of “Buy” from Brokerages

by · The Markets Daily

Cerebras Systems Inc. (NASDAQ:CBRS – Get Free Report) has been assigned an average rating of “Buy” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have covered the stock in the last year is $286.00.

A number of equities analysts have recently weighed in on the stock. Barclays assumed coverage on shares of Cerebras Systems in a research note on Monday. They set an “overweight” rating and a $280.00 price target on the stock. Needham & Company LLC assumed coverage on shares of Cerebras Systems in a research note on Monday. They set a “buy” rating and a $300.00 price target on the stock. Wedbush assumed coverage on shares of Cerebras Systems in a research note on Monday. They set an “outperform” rating on the stock. Wall Street Zen raised shares of Cerebras Systems from a “sell” rating to a “hold” rating in a research note on Sunday, May 31st. Finally, Morgan Stanley assumed coverage on shares of Cerebras Systems in a research note on Monday. They set an “overweight” rating and a $250.00 price target on the stock.

Check Out Our Latest Report on CBRS

Cerebras Systems Stock Performance

Shares of CBRS opened at $201.01 on Monday. Cerebras Systems has a 1 year low of $196.73 and a 1 year high of $386.34.

Cerebras Systems Company Profile

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Cerebras Systems is a technology company focused on building artificial intelligence infrastructure, including hardware and software designed to accelerate deep learning and large-scale AI workloads. The company is best known for its wafer-scale processor architecture, which is intended to provide high-performance compute for training and inference applications.

In addition to its AI chips, Cerebras offers systems and related software tools that support researchers and enterprises working with machine learning models.

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