Cerebras Systems Inc. (NASDAQ:CBRS – Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 5,918,090 shares, a growth of 211.6% from the May 14th total of 1,899,096 shares. Currently, 2.8% of the shares of the company are short sold. Based on an average trading volume of 8,259,984 shares, the short-interest ratio is presently 0.7 days.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the stock. Mizuho assumed coverage on shares of Cerebras Systems in a research report on Monday, June 8th. They issued an “outperform” rating and a $300.00 price target for the company. Wedbush assumed coverage on shares of Cerebras Systems in a research report on Monday, June 8th. They issued an “outperform” rating and a $270.00 price target for the company. Rosenblatt Securities 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. Zacks Research upgraded shares of Cerebras Systems to a “hold” rating in a research report on Tuesday, June 9th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $294.00.
View Our Latest Research Report on CBRS
Cerebras Systems Price Performance
Cerebras Systems Company Profile
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.
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