Skip to navigationSkip to main contentSkip to right columnPathikrit BoseTue, June 23, 2026 at 5:14 PM GMT+2 5 min readThe Cerebras logo displayed on a smartphone screen by Rafael Henrique via ShutterstockNewly listed Cerebras Systems (CBRS) has had a tough run since its listing. Down about 20%, the company is set to report its Q1 and first set of quarterly earnings today after market hours. And the biggest cheerleader of AI stocks in the market, Dan Ives-led Wedbush, remains bullish about the company, irrespective of its sombre start as a public company.www.barchart.comMaintaining its "Outperform" rating on CBRS, the firm has a price target of $270 on the stock. The price target would denote an upside potential of 20.3% from current levels for a company that gained fame for its huge dinner plate-sized chips.More News from BarchartD-Wave Just Unveiled a Major Quantum Breakthrough. QBTS Stock Looks Ready for Another Surge.Micron Technology Earnings: Bull Put Spread Trade