Wedbush Reiterates Buy Rating on Cerebras Systems
Wedbush maintains its buy rating on Cerebras Systems, setting a $280 price target, a 62.96% upside from the current price.
Key Points
- Wedbush reiterated its buy rating on Cerebras Systems (CBRS) with a $280 price target on June 24, 2026.
- Wedbush's $280 price target implies 62.96% upside from Cerebras Systems Inc.'s ($CBRS) current $171.82 share price.
- Shares of Cerebras traded at $225.85 on Wednesday, with a market cap of $49.3 billion and a forward P/E of 266.3.
- Analysts' consensus gives Cerebras a strong buy recommendation with a mean price target of $294.
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On June 24, 2026, Wedbush reiterated its buy rating for Cerebras Systems Inc. (NasdaqGS:CBRS), setting a price target of $280. This move by Wedbush analyst Matt Bryson underscores continued confidence in Cerebras' market position and growth prospects.
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Cerebras Systems Inc. Stock Down 4.1%
Shares of NasdaqGS:CBRS traded near $225.85 on Wednesday. Cerebras Systems, a leader in AI infrastructure, boasts a market cap of $49.3 billion. The company has a P/E ratio of 534.4 and a forward P/E of 266.3, indicating high investor expectations for future earnings. Its stock has seen a 52-week range between $196.73 and $386.34, with a 50-day moving average of $244.44 and a 200-day moving average of $244.44. The company's current ratio stands at 2.145, with a quick ratio of 1.643 and a debt-to-equity ratio of 19.498.
$CBRS price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Cerebras Systems reported revenue of approximately $510 million, reflecting a growth of 14.7%. The company's earnings per share (EPS) was $0.42, with a net margin of 46.6% and a return on equity (ROE) of 38.4%. The next earnings report is scheduled for June 23, 2026.
Insider Buying and Selling at Cerebras Systems Inc.
On June 11, 2026, insider Susan Lior made significant stock transactions. She sold 13,466,197 shares and also purchased the same number of shares, indicating a possible internal rebalancing or strategic adjustment.
Analysts Set New Price Targets
Alongside Wedbush, other firms have shown optimism toward Cerebras. On June 24, 2026, Morgan Stanley maintained its buy rating with a $273 target, while Needham reiterated a buy with a $300 target. Earlier in June, Craig-Hallum and Mizuho initiated buy ratings with targets of $325 and $300, respectively. Analysts collectively have given Cerebras a strong buy recommendation, with a mean price target of $294 based on 10 opinions.
About Cerebras Systems
Cerebras Systems Inc., headquartered in Sunnyvale, California, is a technology company specializing in semiconductor solutions for artificial intelligence. It designs and manufactures an AI compute platform that integrates proprietary systems and software, offering high-performance solutions for data centers and supercomputers. Founded in 2015, the company employs 340 people and serves a global market, including hyperscalers and enterprises involved in AI and digital transformation.
Bottom Line
Wedbush's reiterated buy rating and price target of $280 for Cerebras Systems reflect confidence in its innovative AI solutions. With strong revenue growth and a robust market position, investors are closely watching Cerebras' performance. As a reminder, analyst ratings are forward-looking and reflect expectations rather than current performance.
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