Cerebras Systems (NASDAQ:CBRS) Raised to Hold at Zacks Research

Cerebras Systems (NASDAQ:CBRS) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other research firms have also recently weighed in on CBRS. Wall Street Zen raised shares of Cerebras Systems from a “sell” rating to a “hold” rating in a research note on Sunday, May 31st. Citigroup started coverage on shares of Cerebras Systems in a research note on Monday. They set a “buy” rating and a $340.00 target price on the stock. UBS Group started coverage on shares of Cerebras Systems in a research note on Monday. They set a “buy” rating and a $300.00 target price on the stock. Mizuho started coverage on shares of Cerebras Systems in a research note on Monday. They set an “outperform” rating and a $300.00 target price on the stock. Finally, Wedbush started coverage on shares of Cerebras Systems in a research note on Monday. They set an “outperform” rating and a $270.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $294.00.

Cerebras Systems Price Performance

NASDAQ CBRS opened at $237.33 on Tuesday. Cerebras Systems has a fifty-two week low of $196.73 and a fifty-two week high of $386.34.

Key Stories Impacting Cerebras Systems

Here are the key news stories impacting Cerebras Systems this week:

• Positive Sentiment: Barclays initiated coverage with an Overweight rating and a $280 price target, adding to the recent run of constructive analyst views on Cerebras. Article source
• Positive Sentiment: Needham, Wedbush, UBS, TD Cowen, and Mizuho have also recently issued favorable ratings and price targets, reinforcing expectations for further upside after the company’s public debut. Article source
• Positive Sentiment: Investor sentiment was also helped by commentary that Cerebras may still have room to run, with some analysts arguing the IPO and recent rebound leave room for more gains. Article source
• Neutral Sentiment: The company said it will report first-quarter 2026 results on June 23 and host a conference call the same day, a near-term event that could move the shares depending on guidance and revenue trends. Article source
• Neutral Sentiment: Heavy call-option activity and increased short interest point to rising trading interest, but they do not by themselves change the company’s fundamentals. Article source
• Negative Sentiment: Jim Cramer’s comments that the stock had already “gone up” significantly and his warning-style remarks may temper enthusiasm for some retail investors, though they do not alter the underlying analyst-positive backdrop. Article source

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.