Cerebras Systems Inc. (NASDAQ:CBRS – Get Free Report) traded down 4.8% during mid-day trading on Thursday . The company traded as low as $223.50 and last traded at $225.8210. 2,120,511 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 7,245,696 shares. The stock had previously closed at $237.33.
Wall Street Analysts Forecast Growth
CBRS has been the topic of several research reports. TD Cowen assumed coverage on Cerebras Systems in a research report on Monday. They issued a “buy” rating and a $275.00 target price on the stock. Needham & Company LLC assumed coverage on Cerebras Systems in a report on Monday, June 8th. They issued a “buy” rating and a $300.00 price objective on the stock. Citigroup initiated coverage on Cerebras Systems in a report on Monday. They set a “buy” rating and a $340.00 target price for the company. Wall Street Zen lowered Cerebras Systems from a “hold” rating to a “strong sell” rating in a research report on Saturday. Finally, Mizuho assumed coverage on shares of Cerebras Systems in a report on Monday, June 8th. They issued an “outperform” rating and a $300.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Cerebras Systems currently has an average rating of “Buy” and a consensus target price of $294.00.
View Our Latest Stock Analysis on Cerebras Systems
Cerebras Systems Stock Down 5.5%
About Cerebras Systems
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.
Featured Stories
- Five stocks we like better than Cerebras Systems
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
- This Energy Stock Has Quietly Soared 130% in a Year
- 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups
Receive News & Ratings for Cerebras Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cerebras Systems and related companies with MarketBeat.com's FREE daily email newsletter.
