Morgan Stanley Reiterates Buy Rating on Cerebras Systems Inc.
Morgan Stanley maintains its buy rating on Cerebras Systems with a $273 target, a 58.89% upside from the current price.
Key Points
- Morgan Stanley reiterated its buy rating on Cerebras Systems Inc. (CBRS) with a price target of $273 on June 24, 2026.
- Morgan Stanley's $273 price target implies 58.89% upside from Cerebras Systems Inc.'s ($CBRS) current $171.82 share price.
- Shares of Cerebras Systems traded near $225.85 on Wednesday, with a market cap of approximately $49.3 billion.
- Analysts from firms like Needham and Craig-Hallum also maintain a buy rating, with targets up to $340.
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Morgan Stanley analyst Joseph Moore reiterated his buy rating on Cerebras Systems Inc. (NasdaqGS: CBRS) on June 24, 2026. The firm set a price target of $273 for the artificial intelligence infrastructure company.
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Cerebras Systems Inc. Stock Down 4.1%
Shares of Cerebras Systems traded around $225.85 on Wednesday. The company, which designs AI compute platforms, boasts a market capitalization of about $49.3 billion. It currently has a P/E ratio of 534.4 and a forward P/E of 266.3. The stock has seen a 52-week low of $196.73 and a high of $386.34. It maintains a 50-day moving average of $244.44 and a 200-day moving average of the same value. The company's current ratio is 2.15, and its quick ratio is 1.64, with a debt-to-equity ratio of 19.50.
$CBRS price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
In its latest earnings report, Cerebras Systems posted revenue of about $510 million, reflecting a growth of 14.7%. The company's net margin stands at 46.6%, with a return on equity of 38.4%. Earnings per share came in at $0.42. The next earnings report is expected on June 23, 2026.
Insider Buying and Selling at Cerebras Systems Inc.
Insider Susan Lior engaged in transactions involving 13,466,197 shares on June 11, 2026. The transactions included both buying and selling of the same number of shares, though no price details were disclosed.
Analysts Set New Price Targets
Alongside Morgan Stanley, other analysts have shown optimism towards Cerebras Systems. On June 24, 2026, Needham reiterated its buy rating with a $300 target. Earlier in June, Craig-Hallum initiated coverage with a buy rating and a $325 target. The consensus among analysts is a strong buy, with an average target price of $294 based on 10 opinions.
About Cerebras Systems Inc.
Cerebras Systems Inc., headquartered in Sunnyvale, California, operates in the semiconductor industry within the technology sector. Founded in 2015, the company develops AI compute platforms that include proprietary systems and software. These are intended for deployment in data centers and supercomputer scales, offering enhanced performance for AI applications. The company serves a diverse client base, including hyperscalers and AI-native businesses, and operates globally.
Bottom Line
Morgan Stanley's reaffirmation of its buy rating and the $273 price target for Cerebras Systems highlights continued confidence in the company's market position. Investors closely monitor such analyst ratings as they often influence market sentiment. It's important to remember that these ratings reflect analysts' views at the time of the report and may not indicate future performance.
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