Cerebras Systems Inc. (NASDAQ:CBRS) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Cerebras Systems Inc. (NASDAQ:CBRS) have earned an average recommendation of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $286.00.

CBRS has been the topic of several recent research reports. Mizuho set a $300.00 price objective on shares of Cerebras Systems in a research report on Monday. Needham & Company LLC initiated coverage on shares of Cerebras Systems in a research report on Monday. They issued a “buy” rating and a $300.00 price objective on the stock. TD Cowen initiated coverage on shares of Cerebras Systems in a research report on Monday. They issued a “buy” rating on the stock. Barclays initiated coverage on shares of Cerebras Systems in a research report on Monday. They issued an “overweight” rating and a $280.00 price objective on the stock. Finally, Citigroup initiated coverage on shares of Cerebras Systems in a research report on Monday. They issued a “buy” rating on the stock.

Cerebras Systems Stock Performance

Cerebras Systems stock opened at $201.01 on Monday. Cerebras Systems has a 52 week low of $196.73 and a 52 week 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.