Cerebras Systems’ (CBRS) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Cerebras Systems (NASDAQ:CBRS) in a report published on Wednesday morning,Benzinga reports. They currently have a $300.00 target price on the stock.

Several other research firms also recently weighed in on CBRS. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price target on shares of Cerebras Systems in a research note on Wednesday. Freedom Capital raised shares of Cerebras Systems to a “hold” rating in a research note on Monday, June 29th. Barclays started coverage on shares of Cerebras Systems in a report on Monday, June 8th. They issued an “overweight” rating and a $280.00 price objective for the company. Wedbush boosted their target price on Cerebras Systems from $280.00 to $290.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Finally, Weiss Ratings assumed coverage on Cerebras Systems in a report on Thursday, August 13th. They set a “sell (d)” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Cerebras Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $299.90.

Cerebras Systems Price Performance

NASDAQ CBRS opened at $196.13 on Wednesday. The company has a fifty day moving average price of $208.25. Cerebras Systems has a one year low of $160.81 and a one year high of $386.34.

Cerebras Systems (NASDAQ:CBRS) last announced its earnings results on Wednesday, August 12th. The company reported ($2.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($2.77). The business had revenue of $209.87 million for the quarter. The company’s revenue for the quarter was up 74.3% compared to the same quarter last year. On average, sell-side analysts forecast that Cerebras Systems will post -0.52 earnings per share for the current year.

Insider Buying and Selling

In other Cerebras Systems news, COO Dhiraj Mallick sold 38,889 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $222.22, for a total transaction of $8,641,913.58. Following the completion of the transaction, the chief operating officer owned 120,000 shares of the company’s stock, valued at $26,666,400. This trade represents a 24.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Steven Vassallo sold 50,000 shares of Cerebras Systems stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $218.18, for a total transaction of $10,909,000.00. Following the sale, the director owned 49,599 shares of the company’s stock, valued at approximately $10,821,509.82. This represents a 50.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,053,719 shares of company stock valued at $218,628,280 over the last three months.

Institutional Trading of Cerebras Systems

Institutional investors have recently added to or reduced their stakes in the stock. Tiger Pacific Capital LP acquired a new position in Cerebras Systems during the second quarter worth $221,000. TD Waterhouse Canada Inc. purchased a new position in shares of Cerebras Systems during the second quarter worth $630,000. Proficio Capital Partners LLC acquired a new stake in shares of Cerebras Systems in the second quarter valued at $1,383,000. Knollwood Investment Advisory LLC acquired a new stake in shares of Cerebras Systems in the second quarter valued at $4,576,000. Finally, Ratan Capital Management LP purchased a new stake in shares of Cerebras Systems in the 2nd quarter valued at $4,641,000.

Trending Headlines about Cerebras Systems

Here are the key news stories impacting Cerebras Systems this week:

• Positive Sentiment: Cerebras’ new CS-4 accelerator is being promoted as a high-performance, power-efficient solution for AI inference, potentially helping the company compete with NVIDIA and AMD as demand for cloud-based AI computing expands. The performance claims still require broader customer validation. CS-4 and competition article
• Positive Sentiment: Cerebras partnered with Callosum to provide ultra-low-latency, heterogeneous AI inference for agentic applications. The agreement could expand Cerebras’ commercial reach in real-time AI workloads. Cerebras and Callosum partnership
• Positive Sentiment: Rosenblatt Securities and Needham & Company reiterated “Buy” ratings, with reported price targets near $300. The positive analyst view reflects optimism about Cerebras’ AI infrastructure growth, though it has not offset near-term selling pressure. Rosenblatt rating Needham rating
• Positive Sentiment: Call-option activity was about 42% above normal, indicating that some traders are positioning for a rebound or further upside. CBRS options activity
• Neutral Sentiment: Cerebras generated $209.9 million in quarterly revenue, up 74.3% year over year, but the growth has yet to translate into profitability. Investors are focused on whether CS-4 demand can improve margins and earnings.
• Negative Sentiment: Senior executives sold roughly $20.3 million of CBRS stock in transactions dated August 18, including sales by the CEO, COO, CTO and CAO. The filings state the shares were sold to cover tax withholding related to vested equity awards, reducing the bearish signal, but the scale of the transactions may still weigh on sentiment.
• Negative Sentiment: The company’s latest quarterly loss of $2.98 per share was far worse than the expected $0.21 loss. The large earnings miss, despite rapid revenue growth, raises concerns about execution, cash usage and the stock’s elevated valuation.

Cerebras Systems Company Profile

Cerebras Systems is a technology company focused on building artificial intelligence infrastructure, including hardware and software designed to accelerate deep learning and large-scale AI workloads. The company is best known for its wafer-scale processor architecture, which is intended to provide high-performance compute for training and inference applications.

In addition to its AI chips, Cerebras offers systems and related software tools that support researchers and enterprises working with machine learning models.