Cerebras Systems (NASDAQ:CBRS) Earns Buy Rating from Analysts at Rosenblatt Securities

Analysts at Rosenblatt Securities began coverage on shares of Cerebras Systems (NASDAQ:CBRS) in a report released on Monday,Benzinga reports. The brokerage set a “buy” rating and a $300.00 price target on the stock. Rosenblatt Securities’ price objective suggests a potential upside of 49.25% from the stock’s current price.

Several other equities analysts also recently weighed in on CBRS. Morgan Stanley began coverage on Cerebras Systems in a research report on Monday. They issued an “overweight” rating and a $250.00 price objective on the stock. Wedbush began coverage on Cerebras Systems in a research report on Monday. They issued an “outperform” rating on the stock. Needham & Company LLC began coverage on Cerebras Systems in a research report on Monday. They issued a “buy” rating and a $300.00 price objective on the stock. Mizuho set a $300.00 price objective on Cerebras Systems in a research report on Monday. Finally, Wall Street Zen raised Cerebras Systems from a “sell” rating to a “hold” rating in a research report on Sunday, May 31st. Eight research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $288.33.

Cerebras Systems Price Performance

NASDAQ: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

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.