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

Cerebras Systems (NASDAQ:CBRS)‘s stock had its “buy” rating reissued by research analysts at Rosenblatt Securities in a research report issued on Thursday,Benzinga reports. They presently have a $300.00 target price on the stock. Rosenblatt Securities’ target price would indicate a potential upside of 14.48% from the stock’s previous close.

A number of other brokerages have also weighed in on CBRS. Craig Hallum started coverage on Cerebras Systems in a research report on Monday, June 8th. They set a “buy” rating and a $325.00 target price on the stock. Zacks Research upgraded shares of Cerebras Systems to a “hold” rating in a report on Tuesday, June 9th. TD Cowen initiated coverage on shares of Cerebras Systems in a report on Monday, June 8th. They issued a “buy” rating and a $275.00 target price on the stock. Barclays began coverage on shares of Cerebras Systems in a research report on Monday, June 8th. They issued an “overweight” rating and a $280.00 price target on the stock. Finally, Citigroup reiterated a “buy” rating on shares of Cerebras Systems in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Cerebras Systems has an average rating of “Moderate Buy” and an average target price of $300.90.

Cerebras Systems Price Performance

Shares of Cerebras Systems stock opened at $262.06 on Thursday. The company has a 50-day moving average price of $208.55. 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 quarterly 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 during the quarter. The firm’s quarterly revenue was up 74.3% on a year-over-year basis. Analysts expect that Cerebras Systems will post -0.89 EPS for the current fiscal year.

Insider Activity at Cerebras Systems

In related news, CAO Yagnesh Patel sold 3,954 shares of Cerebras Systems stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $174.03, for a total value of $688,114.62. Following the sale, the chief accounting officer owned 3,954 shares of the company’s stock, valued at approximately $688,114.62. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew D. Feldman sold 17,990 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $173.06, for a total value of $3,113,349.40. Following the completion of the transaction, the chief executive officer owned 17,990 shares in the company, valued at approximately $3,113,349.40. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 117,547 shares of company stock worth $20,676,799.

Hedge Funds Weigh In On Cerebras Systems

An institutional investor recently bought a new stake in Cerebras Systems stock. Bank of New York Mellon Corp acquired a new position in Cerebras Systems Inc. (NASDAQ:CBRS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 27,682 shares of the company’s stock, valued at approximately $6,118,000.

Cerebras Systems News Roundup

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

• Positive Sentiment: Raised 2026 outlook: Cerebras increased full-year revenue guidance to $880 million-$890 million, above the $864.6 million analyst consensus, and lifted its gross-margin forecast on strong demand for AI chips used in data centers. Cerebras raises annual targets on strong AI chip demand
• Positive Sentiment: Cloud business accelerated: Core second-quarter revenue reached approximately $209.9 million, up 74.3% year over year, while cloud revenue rose 287% to a record $127.7 million. Third-quarter revenue guidance of $214 million-$216 million also exceeded consensus expectations of $211 million. Cerebras Systems Q2 revenue and cloud growth
• Neutral Sentiment: Regulatory filing provides added detail: Cerebras filed its second-quarter Form 10-Q, including information on its share structure and key customers. Investors will likely use the filing to assess customer concentration, dilution risk and financial condition. Cerebras Q2 2026 Form 10-Q filing
• Negative Sentiment: Large earnings miss triggered selling: Cerebras reported a loss of $2.98 per share versus the expected $0.21 loss, a $2.77 miss. Although revenue growth was strong, the bottom-line result overshadowed the improved outlook and raised concerns about near-term profitability. Cerebras raises full-year outlook but stock drops
• Negative Sentiment: Post-earnings whipsaw reflects elevated expectations: Investors initially rewarded Cerebras as an Nvidia challenger, then punished the stock after the earnings release. The reaction indicates that strong growth and guidance were insufficient to offset the earnings miss and uncertainty around the company’s path to profitability. Cerebras stock earnings reaction

About Cerebras Systems

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.