Cerebras Systems (NASDAQ:CBRS) Rating Increased to Strong-Buy at Craig Hallum

Craig Hallum upgraded shares of Cerebras Systems (NASDAQ:CBRS) to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

Several other research analysts also recently issued reports on CBRS. Morgan Stanley began coverage on shares of Cerebras Systems in a report on Monday. They set an “overweight” rating and a $250.00 price target for the company. Rosenblatt Securities began coverage on shares of Cerebras Systems in a report on Monday. They set a “buy” rating and a $300.00 price target for the company. TD Cowen began coverage on shares of Cerebras Systems in a report on Monday. They set a “buy” rating and a $275.00 price target for the company. Citigroup began coverage on Cerebras Systems in a report on Monday. They issued a “buy” rating and a $340.00 price objective for the company. Finally, Wedbush began coverage on Cerebras Systems in a report on Monday. They issued an “outperform” rating and a $270.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Cerebras Systems currently has an average rating of “Buy” and an average target price of $294.00.

Cerebras Systems Stock Performance

Shares of NASDAQ:CBRS opened at $237.33 on Monday. Cerebras Systems has a 52-week low of $196.73 and a 52-week high of $386.34.

Key Stories Impacting Cerebras Systems

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.