Cerebras Systems: OpenAI, AWS And The Case For A Buy Rating

I rate Cerebras Systems a Buy with a $239 price target, reflecting 32% upside from $182. The core of my thesis is that the market is still trying to decide what Cerebras really is. My growth model is driven by OpenAI deployment, AWS distribution, hardware expansion, base business growth, margin normalization, and interest income from the company’s cash balance. Together, these drivers support my forward EPS estimate of $3.19, with OpenAI and AWS forming the largest pieces of the earnings bridge. I arrive at my Price target by applying a 75x FWD non-GAAP P/E multiple to my 2028 EPS estimate of $3.19.

I am rating Cerebras Systems ( CBRS ) a Buy rating with a price target of $239 per share. This represents 32% from the current level of $182 per share. The foundation of my Buy This article was written by The Curious Analyst 4.9K Followers Follow My background is in Financial Engineering and I have long since been interested in analyzing strong solid companies with a rare financial Profile. My primary area of specialization is in quantamental analysis, where I use a combination of data driven models and fundamental research. My approach is centered on a structured process that combines top-down screening with bottom-up company specific analysis .I write on to share ideas with a wider audience and also learn more about companies and other analysts. My goal is to make unique ideas & research accessible to retail and professional investors alike, while maintaining analytical depth and a clear investment thesis.Associated with another author Kennedy Njagi Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CBRS over the next 72 hours. I wrote ...