Cerebras Systems Inc. (NASDAQ:CBRS) Stock Has Average Target Price of $299.90

Cerebras Systems Inc. (NASDAQ:CBRS) has been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $299.90.

A number of research firms have weighed in on CBRS. Rosenblatt Securities reaffirmed a “buy” rating and set a $300.00 target price on shares of Cerebras Systems in a research note on Wednesday, August 19th. Mizuho dropped their price target on Cerebras Systems from $310.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, August 13th. Citigroup dropped their price target on Cerebras Systems from $340.00 to $320.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Wall Street Zen raised Cerebras Systems from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Weiss Ratings downgraded Cerebras Systems from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, September 25th.

Cerebras Systems Price Performance

Shares of NASDAQ CBRS opened at $149.09 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.82 and a quick ratio of 5.80. Cerebras Systems has a 12 month low of $142.07 and a 12 month high of $386.34. The business’s 50-day simple moving average is $196.51.

Cerebras Systems (NASDAQ:CBRS) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($2.98) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($2.77). The firm had revenue of $209.87 million for the quarter. The firm’s revenue for the quarter was up 74.3% on a year-over-year basis. Equities analysts forecast that Cerebras Systems will post -0.52 earnings per share for the current fiscal year.

Cerebras Systems News Summary

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

• Positive Sentiment: A Wall Street analyst reportedly believes Cerebras could potentially double from current levels, citing the company’s AI infrastructure opportunity despite its substantial decline from its IPO-era highs. Cerebras Systems Could Double According to Analyst
• Positive Sentiment: Cerebras has accumulated a reported $25.4 billion backlog, creating the potential for significant future revenue and higher-margin growth if it can convert those commitments into shipments and operating profits. Cerebras Backlog and High-Margin Growth
• Positive Sentiment: CEO Andrew Feldman described a possible future in which households use dedicated AI appliances, highlighting a potentially large consumer market for Cerebras’ fast AI-computing technology. Cerebras CEO on Personal AI Assistants
• Neutral Sentiment: Cerebras generates more revenue than SoundHound AI and has grown rapidly, but its quarterly growth has been more volatile. The comparison reinforces strong scale while highlighting execution risk. Cerebras Versus SoundHound AI Revenue Trends
• Negative Sentiment: Up to 19.4 million additional shares could become eligible for sale under Cerebras’ staggered IPO lock-up, increasing the risk of insider and early-investor selling pressure. Cerebras Share Unlock
• Negative Sentiment: Reports that OpenAI assigned a high-profile workload to a rival, alongside Microsoft-related chip developments, have raised concerns about competition and Cerebras’ ability to win major AI customers. Cerebras OpenAI and Microsoft Chip News
• Negative Sentiment: One DCF analysis concludes CBRS may still be overvalued despite trading roughly half its early-2026 level, keeping valuation concerns prominent for risk-averse investors. Cerebras DCF Valuation Analysis

Insiders Place Their Bets

In other news, Director Eric Vishria sold 68,268 shares of Cerebras Systems stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $229.77, for a total transaction of $15,685,938.36. Following the sale, the director directly owned 31,383 shares of the company’s stock, valued at approximately $7,210,871.91. This trade represents a 68.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Sean Lie sold 710,247 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $207.86, for a total value of $147,631,941.42. Following the sale, the chief technology officer owned 368,926 shares in the company, valued at approximately $76,684,958.36. This trade represents a 65.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,864,452 shares of company stock worth $387,680,754.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CBRS. Value Aligned Research Advisors LLC bought a new stake in Cerebras Systems during the 2nd quarter worth approximately $241,934,000. Wellington Management Group LLP acquired a new position in Cerebras Systems in the 2nd quarter valued at approximately $194,853,000. State Street Corp acquired a new position in Cerebras Systems in the 2nd quarter valued at approximately $105,343,000. Dragoneer Investment Group LLC acquired a new position in Cerebras Systems in the 2nd quarter valued at approximately $88,400,000. Finally, Montanova Capital LLC bought a new position in shares of Cerebras Systems during the second quarter valued at $37,990,000.

About Cerebras Systems

Cerebras Systems is an artificial intelligence computing company that develops specialized hardware and software for training and deploying large AI models. The company’s technology is designed to address the computational demands of generative AI, deep learning and other data-intensive workloads.

Its core products include the Wafer-Scale Engine, a purpose-built AI processor produced on a single silicon wafer, and the CS-3 AI supercomputer, which incorporates that processor into an integrated computing system.