Cerebras Systems Inc (NASDAQ:CBRS) stock gained on Monday after multiple Wall Street firms initiated coverage.
Several Wall Street firms initiated coverage on Cerebras, with a consensus price forecast of $295 based on seven analysts, alongside a $340 high forecast (Citigroup) and a $270 low forecast (Wedbush). • Cerebras Systems shares are climbing with conviction.
What's driving CBRS stock higher?
The three most recent ratings came from TD Cowen, UBS, and Citigroup, and those three carry an average price forecast of $305 — implying about 28% upside from the current tape.
Needham analyst N.
