Cerebras Systems (NASDAQ:CBRS) Upgraded by Wall Street Zen to “Sell” Rating

Cerebras Systems (NASDAQ:CBRS) was upgraded by research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

A number of other research analysts also recently issued reports on the company. Morgan Stanley began coverage on Cerebras Systems in a research note on Monday, June 8th. They set an “overweight” rating and a $250.00 price objective for the company. Barclays initiated coverage on shares of Cerebras Systems in a research note on Monday, June 8th. They set an “overweight” rating and a $280.00 target price on the stock. Citigroup assumed coverage on shares of Cerebras Systems in a report on Monday, June 8th. They set a “buy” rating and a $340.00 price target on the stock. Needham & Company LLC assumed coverage on shares of Cerebras Systems in a research report on Monday, June 8th. They issued a “buy” rating and a $300.00 price target for the company. Finally, Mizuho began coverage on shares of Cerebras Systems in a research note on Monday, June 8th. They issued an “outperform” rating and a $300.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Cerebras Systems has an average rating of “Buy” and a consensus target price of $294.00.

Cerebras Systems Price Performance

Shares of CBRS opened at $234.84 on Friday. Cerebras Systems has a 52 week low of $196.73 and a 52 week high of $386.34.

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.