Cerebras Systems Inc. is trading 4.1% up at $247.57 today, driven by a wave of bullish analyst coverage following the expiration of its post-IPO quiet period.
- At least nine major brokerages initiated coverage with 'Buy' or equivalent ratings on June 8, including TD Cowen, Morgan Stanley, Citi, Barclays, UBS, and Needham, with price targets ranging from $250 to $340.
- Analysts widely cited the company's unique wafer-scale AI chip technology and its major compute agreement with OpenAI as key drivers for future growth, positioning it as a strong challenger to market leaders.