Cerebras Systems Inc. (CBRS) – What Are Analysts Saying About This Stock?

Shares of Cerebras Systems Inc. (NASDAQ:CBRS) have earned an average recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, ten have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $281.90.

A number of equities research analysts have recently weighed in on CBRS shares. Jefferies Financial Group upgraded Cerebras Systems to an “outperform” rating in a research note on Monday, October 5th. Weiss Ratings raised shares of Cerebras Systems from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, October 21st. TD Cowen decreased their price objective on shares of Cerebras Systems from $275.00 to $175.00 and set a “buy” rating for the company in a research report on Monday, October 19th. Rosenblatt Securities reiterated a “buy” rating and issued a $300.00 target price on shares of Cerebras Systems in a research note on Wednesday, August 19th. Finally, Freedom Capital raised shares of Cerebras Systems from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd.

Cerebras Systems Price Performance

Cerebras Systems stock opened at $91.85 on Thursday. Cerebras Systems has a 1-year low of $90.28 and a 1-year high of $386.34. The stock has a fifty day simple moving average of $163.23. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.82 and a quick ratio of 5.80. The firm has a market cap of $21.82 billion and a PE ratio of -1,148.12.

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 company had revenue of $209.87 million during the quarter. The business’s revenue for the quarter was up 74.3% compared to the same quarter last year. On average, equities research analysts anticipate that Cerebras Systems will post -0.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Andrew Feldman sold 237,559 shares of Cerebras Systems stock in a transaction on Friday, August 21st. The shares were sold at an average price of $199.27, for a total transaction of $47,338,381.93. Following the completion of the sale, the chief executive officer directly owned 16,853 shares in the company, valued at approximately $3,358,297.31. The trade was a 93.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven Vassallo sold 50,000 shares of the business’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $210.30, for a total transaction of $10,515,000.00. Following the sale, the director directly owned 171,977 shares in the company, valued at $36,166,763.10. This trade represents a 22.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,924,452 shares of company stock valued at $394,628,154.

Institutional Trading of Cerebras Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CBRS. Value Aligned Research Advisors LLC purchased a new stake in Cerebras Systems during the 2nd quarter valued at about $241,934,000. Wellington Management Group LLP purchased a new position in shares of Cerebras Systems in the second quarter worth about $194,853,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Cerebras Systems by 59.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 490,139 shares of the company’s stock worth $87,073,000 after purchasing an additional 183,035 shares during the last quarter. State Street Corp purchased a new position in shares of Cerebras Systems in the second quarter worth about $105,343,000. Finally, Dragoneer Investment Group LLC acquired a new stake in shares of Cerebras Systems during the second quarter worth about $88,400,000.

Cerebras Systems News Roundup

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

• Positive Sentiment: Bullish analyst views: UBS reportedly sees 159% upside, while another Wall Street analyst cited in the coverage maintains a Buy view and projects potential gains of about 240%. These targets offer a counterpoint to the recent selloff. Cerebras Sinks 11% in a Week to a New 52-Week Low. UBS Still Sees 159% Upside Cerebras Systems Craters Again
• Positive Sentiment: Growth case: A Seeking Alpha analysis says Cerebras has secured more than 600MW of capacity and management expects revenue to grow more than threefold in 2027. It also argues that inference work with AMD and AWS could improve throughput and revenue per megawatt. Upcoming Q3 results may help investors assess this outlook. Cerebras: Q3 Could Validate The 2027 Story
• Neutral Sentiment: Investor investigations: Law firms have announced investigations into Cerebras. These notices do not establish wrongdoing, but could add uncertainty and legal risk for investors. CBRS Investor Alert
• Negative Sentiment: Downgrade and selling pressure: Coverage attributes the decline to an analyst downgrade. Shares have fallen to a new 52-week low, while a short report, reported insider selling and rumors that a major customer may have left have added to investor concerns. The customer claims are described as whispers, not confirmed facts. Cerebras Systems Shares Down Following Analyst Downgrade Cerebras Systems Craters Again

Cerebras Systems Company Profile

Cerebras Systems is a technology company that develops specialized computing systems for artificial intelligence and high-performance computing. Its core product is the Wafer-Scale Engine, a processor designed to provide large-scale computing capacity and high-speed data movement for training and running AI models.

The company offers integrated AI computing systems, including the Cerebras CS series, which combines its wafer-scale processors with supporting hardware and software. Cerebras also provides access to its technology through cloud-based services, enabling businesses, research organizations and other users to develop and deploy AI applications without operating the underlying systems themselves.

Founded in 2015 and headquartered in Sunnyvale, California, Cerebras serves customers in sectors such as technology, government, scientific research and other data-intensive industries.