Analyst Reiterates Buy on Cerebras, Keeps $275 Price Target Amid Strong Early Execution and Key AI Partnerships

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2026.06.24 02:45
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TD Cowen analyst Joshua Buchalter reiterated a Buy rating on Cerebras Systems with a $275 price target, citing strong Q1 revenue and gross margin performance, plus key AI partnerships with OpenAI and AWS. While acknowledging short-term margin pressure from scaling hardware, he views this as a temporary growth investment. Mizuho Securities also maintained a Buy rating with a $300 target.