UBS Reiterates Buy Rating on Cerebras Systems Inc. (CBRS)
UBS maintains its buy rating for Cerebras Systems Inc. with a $320 price target, a 76.22% upside from the current price.
Key Points
- UBS analyst Timothy Arcuri reiterated a buy rating on Cerebras Systems Inc. (CBRS) with a $320 price target on June 24, 2026.
- UBS's $320 price target implies 76.22% upside from Cerebras Systems Inc.'s ($CBRS) current $181.59 share price.
- Cerebras Systems Inc. traded near $187.93 on Thursday, with a market cap of approximately $49.3 billion and a forward P/E of 266.3.
- Other analysts including Rosenblatt and Wedbush also maintained buy ratings, with price targets of $300 and $280 respectively.
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On June 24, 2026, UBS analyst Timothy Arcuri reiterated a buy rating on Cerebras Systems Inc. (NasdaqGS: CBRS), setting a price target of $320. This comes as the stock traded near $187.93 on Thursday.
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Analysts Set New Price Targets
On June 24, 2026, UBS maintained its buy rating for Cerebras Systems Inc., setting a $320 price target. Rosenblatt and Wedbush also maintained buy ratings on the same day, with targets of $300 and $280, respectively. Needham reiterated its buy rating too, with a target of $300. The consensus among analysts is strong, with a recommendation key of 'strong_buy' and a mean target price of $294 from ten analyst opinions.
Cerebras Systems Inc. Stock Up 1.4%
Shares of Cerebras Systems Inc. traded near $187.93 on Thursday. The company has a market capitalization of about $49.3 billion, with a high P/E ratio of 534.4 and a forward P/E of 266.3, indicating high investor expectations for future earnings. The stock's 52-week range is between $196.73 and $386.34, with a 50-day moving average of $244.44 and a 200-day moving average of the same.
$CBRS price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Cerebras Systems Inc.
On June 11, 2026, insider Susan Lior executed significant trades involving 13,466,197 shares. The transactions involved both buying and selling, although further details on the average price or total value were not disclosed. These trades were not conducted under a pre-planned Rule 10b5-1 trading plan.
About Cerebras Systems Inc.
Cerebras Systems Inc., based in Sunnyvale, California, operates in the technology sector, specifically within the semiconductor industry. The company is known for its AI compute platform, which includes proprietary systems and software designed for deployment in data centers. Their innovative wafer-scale engine chip is aimed at meeting the high-performance demands of AI applications. Founded in 2015, Cerebras serves a diverse range of customers globally, including hyperscalers and AI-native businesses.
Bottom Line
Cerebras Systems Inc. continues to attract positive attention from analysts, with UBS and others maintaining strong buy ratings. The stock's high P/E ratios reflect strong growth expectations, although its current price is well below the year-high. Investors will be watching to see whether the company's innovative technologies can drive future performance, as reflected in the forward-looking analyst targets.
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