Cerebras Systems Inc. (NASDAQ:CBRS) Receives $286.00 Average PT from Brokerages

Cerebras Systems Inc. (NASDAQ:CBRS) has received a consensus rating of “Buy” from the eleven research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $294.00.

CBRS has been the topic of several analyst reports. Craig Hallum initiated coverage on shares of Cerebras Systems in a report on Monday. They set a “buy” rating and a $325.00 price target on the stock. Zacks Research upgraded shares of Cerebras Systems to a “hold” rating in a report on Tuesday. Mizuho initiated coverage on shares of Cerebras Systems in a report on Monday. They set an “outperform” rating and a $300.00 price target on the stock. Needham & Company LLC started coverage on shares of Cerebras Systems in a report on Monday, June 8th. They set a “buy” rating and a $300.00 price target on the stock. Finally, Barclays started coverage on shares of Cerebras Systems in a research report on Monday. They set an “overweight” rating and a $280.00 target price for the company.

Cerebras Systems Stock Performance

Cerebras Systems stock opened at $214.00 on Monday. Cerebras Systems has a fifty-two week low of $196.73 and a fifty-two week high of $386.34.

About Cerebras Systems

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.