CBRS
Cerebras Systems Inc. Class A Common Stock
NASDAQ: CBRS · TECHNOLOGY · SEMICONDUCTORS
$236.99
-2.31% today
Updated 2026-05-29
Market cap
$56.39B
P/E ratio
626.29
P/S ratio
110.57x
EPS (TTM)
$0.41
Dividend yield
—
52W range
$185 – $386
Volume
13.6M
Cerebras Systems Inc. Class A Common Stock (CBRS) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed CRWV price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$236.99
Today
Analyst consensus
$—
— · 12M
2030 Base
$386.28
+62.99% future
NPV today
$239.02
@ 11% WACC
1 analysts:
0 Buy0 Hold1 Sell
Management guidance
No specific revenue targets publicly disclosed by management as of May 26, 2026. Company is 12 days post-IPO (May 14, 2026) and still in quiet period (expires June 23, 2026). CEO Andrew Feldman has emphasized wafer-scale processor superiority and 7x speed advantage vs. GPU clouds, but no forward guidance on revenue targets or growth rates have been issued.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
CBRS · Cerebras Systems Inc. Class A Common Stock · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bull case (2030)
$993.49
NPV today: $614.74
Base case (2030)
$386.28
NPV today: $239.02
Bear case (2030)
$234.48
NPV today: $145.09
WallStSmart.com
CBRS financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $0.5B | $1.2B | $2.1B | $3.1B | $4.3B | $5.7B |
| Revenue growth | 75.7% | 131.5% | 75.4% | 49.8% | 40.0% | 30.5% |
| Net margin | — | 8.3% | 8.8% | 9.8% | 10.2% | 10.5% |
| EPS | — | $2.85 | $5.25 | $8.75 | $12.80 | $17.20 |
| Diluted shares | — | 233M | 240M | 247M | 254M | 261M |
| Net debt | — | $-1.50B | $-2.00B | $-2.70B | $-3.60B | $-4.60B |
| P/S multiple | — | 60.0x | 50.0x | 40.0x | 35.0x | 17.0x |
| Implied price (base) | — | $310.30 | $439.58 | $512.96 | $612.20 | $386.28 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $5.7B | $5.7B | $5.7B |
| P/S multiple | 10.0x | 17.0x | 45.0x |
| Diluted shares | 261M | 261M | 261M |
| Net debt | $-4.60B | $-4.60B | $-4.60B |
| Implied P/E † | 103x | 169x | 436x |
| 2030 Price | $234.48 | $386.28 | $993.49 |
| NPV @ 11% | $145.09 | $239.02 | $614.74 |
† Implied P/E: Multiples remain elevated across all three scenarios because CBRS is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $386.28 base case
CBRS catalysts and risks
Growth catalysts
+ IPO quiet period expiration (June 23, 2026) — expect 10-15 sell-side research initiations with price targets
+ Eclipse AI partnership delivering $2.5B+ contract value — revenue recognition and customer wins through 2027-2028
+ Hyperscaler AI capex surge (Meta $60B, Microsoft $80B announced) driving wafer-scale chip demand competing with NVDA GPUs
+ Trillion-parameter model inference superiority (7x speed vs. GPU clouds) gaining traction with LLM training/inference customers
+ S&P 500 index inclusion (fast-tracked) creating institutional buying pressure and reducing valuation compression
+ Competitive differentiation vs. NVDA in cost-per-TFLOP and power efficiency for training/inference workloads
Key risks
- Extreme post-IPO valuation (P/S 104x, Market Cap $56.4B on $510M TTM revenue = 110x sales) creates cliff risk if growth decelerates below 30-40%
- NVDA dominance and entrenched CUDA ecosystem — wafer-scale architectures have failed before (Cerebras burned $8M/month pre-IPO); switching costs favor incumbents
- Manufacturing capacity constraints — limited foundry partnerships (likely TSMC); supply chain risk if demand exceeds capacity
- Customer concentration risk — likely heavy dependence on 3-5 hyperscaler customers (Meta, Microsoft, Google, AWS, etc.); loss of even one customer is material
- Profitability contradiction — 46.6% profit margin (TTM) conflicts with -$392.79M free cash flow (2025), -$145.25M operating income — suggests aggressive revenue recognition or one-time IP licensing gains masking GAAP losses
- Competition from alternative architectures — Groq, SambaNova, Cerebras competitors raising capital; market share gains not guaranteed
- Cyclical AI spending — if hyperscaler capex cycle cools 2028-2030, growth decelerates sharply
Methodology · Cerebras Systems Inc. Class A Common Stock 2030 stock forecast model
Cerebras Systems Inc. Class A Common Stock 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (657% cumulative for CBRS by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-4.60B by 2030) |
| 3. Time value | NPV calculated using 11% WACC (sector fallback) |
| 4. Multiple framework | P/S compresses with scale: bear 10.0x / base 17.0x / bull 45.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 27, 2026.
CBRS price target FAQ
What is the CBRS price target for 2030?
WallStSmart's Cerebras Systems Inc. Class A Common Stock 2030 base case is $386.28 per share, with a bull case of $993.49 and bear case of $234.48. The NPV of the base case discounted to today at 11% WACC is $239.02.
How is the Cerebras Systems Inc. Class A Common Stock 2030 stock forecast calculated?
The CBRS 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the CBRS price target account for dilution?
Cerebras Systems Inc. Class A Common Stock is projected to grow diluted share count from 35M to 261M by 2030 (a 657% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 657%.