Cerebras Systems (NASDAQ:CBRS) Coverage Initiated by Analysts at Rosenblatt Securities

Investment analysts at Rosenblatt Securities assumed coverage on shares of Cerebras Systems (NASDAQ:CBRS) in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage set a “buy” rating and a $300.00 price target on the stock. Rosenblatt Securities’ price objective would indicate a potential upside of 49.25% from the company’s current price.

Several other research firms have also commented on CBRS. Mizuho set a $300.00 target price on Cerebras Systems in a report on Monday. Barclays started coverage on Cerebras Systems in a report on Monday. They set an “overweight” rating and a $280.00 target price on the stock. TD Cowen started coverage on Cerebras Systems in a report on Monday. They set a “buy” rating on the stock. Wedbush started coverage on Cerebras Systems in a report on Monday. They set an “outperform” rating on the stock. Finally, Wall Street Zen raised Cerebras Systems from a “sell” rating to a “hold” rating in a report on Sunday, May 31st. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $288.33.

Cerebras Systems Price Performance

Shares of CBRS stock opened at $201.01 on Monday. Cerebras Systems has a fifty-two week low of $196.73 and a fifty-two 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.