Rosenblatt Rates Cerebras Systems (CBRS) buy, $300 Price Target

Rosenblatt has kept its positive stance on Cerebras Systems Inc. with a $300 price target as the artificial intelligence infrastructure firm trades near $181.59, a 65.21% upside from the current price.

By EarningsIQ Research Desk · Published Jun 24, 2026, 12:02 PM EDT · Updated Jun 29, 2026, 8:03 AM EDT

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Rosenblatt rated Cerebras Systems Inc. ($CBRS) "buy" with a $300 price target on June 24, 2026.

Since the rating, $CBRS is up 21.4% after 1 week, up 9.2% after 1 month and down 30.2% to date (from the $182.26 close on Jun 24, 2026).

CBRS Cerebras Systems Inc.

$127.21 -29.51% past 3 months

Daily close · Oct 16, 2026

Key Points

Rosenblatt analyst Kevin Cassidy reiterated a buy rating on Cerebras Systems Inc. on June 24, 2026, maintaining a $300 price target.
Rosenblatt's $300 price target implies 65.21% upside from Cerebras Systems Inc.'s ($CBRS) current $181.59 share price.
Cerebras Systems Inc. shares trade around $181.59, sitting below its 50-day moving average of $195.14 and its 52-week high of $386.34.
Wall Street maintains a strong buy consensus on the stock, backed by an average price target of $291.64 across 11 analysts.

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Rosenblatt Maintains Buy Rating on Cerebras Systems Inc.

Rosenblatt analyst Kevin Cassidy reaffirmed a buy rating on Cerebras Systems Inc. (NasdaqGS: CBRS) on June 24, 2026, keeping a $300 price target on the artificial intelligence infrastructure stock. The target sits well above the stock's recent price, offering a look at how bullish the firm remains on the semiconductor company's long-term prospects.

Analyst rating track record

Rosenblatt vs. the S&P 500

YTD return +40.03% hypothetical

All-time return +86.45% S&P 500 +25.73%

vs. S&P 500 +60.72% ahead of the index

Hypothetical returns from Rosenblatt's disclosed trades, not real profit or advice. How we model this.

Cerebras Systems Inc. Stock Sits Below Key Moving Averages

On Wednesday, Cerebras Systems Inc. shares traded at $181.59, remaining below the 50-day moving average of $195.14 and the 200-day moving average of $207.91. The stock has seen a 52-week trading range between a low of $133.88 and a high of $386.34. With a market capitalization of roughly $33.77 billion, the company carries a forward P/E ratio of 111.62 based on its projected earnings.

12-month forecast

$CBRS price target

Cerebras Systems Inc. daily closes and this analyst's $300 target. Not advice.

Insider Buying and Selling at Cerebras Systems Inc.

Company insiders were active in late June 2026, with several top executives recording transactions on June 25, 2026. Chief Technology Officer Sean Lie acquired 10,033 shares and later disposed of 10,033 shares in a transaction valued at $1.71 million at an average price of $170.07. Chief Operating Officer Dhiral Mallick acquired 69,445 shares and disposed of 49,445 shares in a transaction worth $8.58 million at an average price of $173.48. Meanwhile, CEO Andrew Feldman acquired 17,990 shares, and Chief Accounting Officer Yagnesh Patel picked up 10,079 shares.

Wall Street Analyst Consensus and Targets

Rosenblatt's call is part of a broader group of views from Wall Street firms following Cerebras Systems Inc. The stock currently holds a consensus recommendation of strong buy, derived from 11 analyst opinions. Overall price targets across the Street range from a low of $209.00 to a high of $330.00, with an average target price of $291.64. Other recent updates include Freedom Capital Markets maintaining a hold rating with a $209.00 target on September 14, 2026, following an earlier upgrade.

Cerebras Systems Inc. Operations and Infrastructure

Headquartered in Sunnyvale, California, Cerebras Systems Inc. designs and manufactures specialized artificial intelligence compute platforms and proprietary hardware for data centers. The company is known for its pioneering wafer-scale engine, a single large chip built on a silicon wafer designed to accelerate generative AI workloads and supercomputer-scale inference beyond traditional GPUs.

What to Watch Next for Cerebras Systems Inc.

Investors will be looking ahead to the company's next earnings report, scheduled for November 10, 2026, for updated figures on revenue and margins. The firm reported $680.67 million in revenue over the prior period alongside a net margin of -75.27%. As always, analyst updates and subsequent insider filings will offer further clues into how leadership and Wall Street view the company's trajectory.