Craig Hallum upgraded shares of Cerebras Systems (NASDAQ:CBRS – Free Report) to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.
A number of other equities research analysts have also weighed in on CBRS. Wall Street Zen raised shares of Cerebras Systems from a “sell” rating to a “hold” rating in a report on Sunday, May 31st. Morgan Stanley started coverage on shares of Cerebras Systems in a report on Monday. They set an “overweight” rating and a $250.00 target price on the stock. Needham & Company LLC started coverage on shares of Cerebras Systems in a report on Monday. They set a “buy” rating and a $300.00 target price on the stock. UBS Group started coverage on shares of Cerebras Systems in a report on Monday. They set a “buy” rating and a $300.00 target price on the stock. Finally, Rosenblatt Securities started coverage on shares of Cerebras Systems in a report on Monday. They set a “buy” rating and a $300.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $294.00.
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Cerebras Systems Stock Performance
Cerebras Systems News Summary
Here are the key news stories impacting Cerebras Systems this week:
- Positive Sentiment: Craig-Hallum upgraded Cerebras Systems to strong-buy, adding to the bullish analyst momentum around the stock. Read More
- Positive Sentiment: Barclays initiated coverage with an overweight rating and a $280 price target, signaling meaningful upside from recent trading levels. Read More
- Positive Sentiment: Other recent initiations from Wedbush, UBS, TD Cowen, and Mizuho were also favorable, with several firms assigning buy or outperform ratings and targets as high as $300. Read More
- Positive Sentiment: Needham said Cerebras could have room for further upside after its historic IPO, reinforcing the market’s growth expectations for the company. Read More
- Neutral Sentiment: Cerebras announced it will report first-quarter 2026 results on June 23, which gives investors a near-term event to watch but does not by itself change fundamentals. Read More
- Neutral Sentiment: Short interest data showed a sharp increase in bearish positioning, but the reported figures were inconsistent, so the signal is unclear for investors. Read More
- Negative Sentiment: Zacks Research downgraded Cerebras to hold, which partially offsets the more bullish analyst calls. Read More
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.
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