Cerebras Systems (NASDAQ:CBRS) Upgraded to Strong-Buy at Wedbush

Wedbush upgraded shares of Cerebras Systems (NASDAQ:CBRS) to a strong-buy rating in a report issued on Monday,Zacks.com reports.

A number of other brokerages have also weighed in on CBRS. Rosenblatt Securities assumed coverage on shares of Cerebras Systems in a research note on Monday. They issued a “buy” rating and a $300.00 target price for the company. Craig Hallum assumed coverage on shares of Cerebras Systems in a research note on Monday. They issued a “buy” rating and a $325.00 target price for the company. Wall Street Zen raised shares of Cerebras Systems from a “sell” rating to a “hold” rating in a research note on Sunday, May 31st. Morgan Stanley assumed coverage on shares of Cerebras Systems in a research note on Monday. They issued an “overweight” rating and a $250.00 target price for the company. Finally, Barclays assumed coverage on shares of Cerebras Systems in a research note on Monday. They issued an “overweight” rating and a $280.00 target price for the company. Four investment analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $294.00.

Cerebras Systems Stock Performance

Shares of CBRS stock opened at $237.83 on Monday. Cerebras Systems has a 12-month low of $196.73 and a 12-month high of $386.34.

More Cerebras Systems News

Here are the key news stories impacting Cerebras Systems this week:

• Positive Sentiment: Multiple brokerages, including Morgan Stanley, Rosenblatt, and Needham, initiated coverage with buy ratings and price targets around $300, signaling confidence in Cerebras’ AI-chip strategy and its potential upside. Morgan Stanley sets first-ever Cerebras stock price target
• Positive Sentiment: Analysts highlighted Cerebras’ unconventional wafer-scale architecture as a differentiator that could help it compete in the AI infrastructure market and challenge larger rivals. Cerebras shares jump as Wall Street initiates coverage with bullish calls
• Positive Sentiment: Options activity surged, with traders buying significantly more call options than usual, suggesting increased speculative demand for further gains. What’s going on with Cerebras Systems stock today?
• Neutral Sentiment: Recent articles noted that Cerebras’ stock remains highly volatile in its first month of trading, so momentum can swing quickly based on analyst sentiment and market attention. Cerebras Stock Jumps 18% as Rollercoaster 1st Month of Trading Continues

Cerebras Systems Company Profile

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.