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

Shares of Cerebras Systems Inc. (NASDAQ:CBRS) have received a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, ten have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $281.90.

Several research firms have recently commented on CBRS. Freedom Capital upgraded shares of Cerebras Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Citigroup dropped their price objective on shares of Cerebras Systems from $340.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Rosenblatt Securities reissued a “buy” rating and set a $300.00 price objective on shares of Cerebras Systems in a report on Wednesday, August 19th. TD Cowen reduced 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 note on Monday, October 19th. Finally, Wedbush boosted their price objective on shares of Cerebras Systems from $280.00 to $290.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th.

Cerebras Systems Trading Down 6.1%

Shares of Cerebras Systems stock opened at $91.85 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.80 and a current ratio of 5.82. The company’s fifty day moving average price is $163.23. The stock has a market capitalization of $21.82 billion and a price-to-earnings ratio of -1,148.12. Cerebras Systems has a 12 month low of $90.28 and a 12 month high of $386.34.

Cerebras Systems (NASDAQ:CBRS) last released its quarterly earnings data 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 company had revenue of $209.87 million for the quarter. The firm’s revenue was up 74.3% compared to the same quarter last year. Analysts forecast that Cerebras Systems will post -0.52 earnings per share for the current year.

Insiders Place Their Bets

In other news, CTO Sean Lie sold 710,247 shares of Cerebras Systems stock in a transaction on 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 transaction, the chief technology officer directly owned 368,926 shares in the company, valued at approximately $76,684,958.36. This trade represents a 65.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Eric Vishria sold 68,268 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $229.77, for a total value of $15,685,938.36. Following the completion of the transaction, the director directly owned 31,383 shares of the company’s stock, valued at approximately $7,210,871.91. The trade was a 68.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 1,924,452 shares of company stock worth $394,628,154.

Hedge Funds Weigh In On Cerebras Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vestor Capital LLC boosted its holdings in shares of Cerebras Systems by 14,652.9% in the 3rd quarter. Vestor Capital LLC now owns 76,715 shares of the company’s stock valued at $13,628,000 after buying an additional 76,195 shares in the last quarter. AlphaCore Capital LLC bought a new position in shares of Cerebras Systems during the 3rd quarter worth approximately $389,000. Clear Wave Wealth Management LLC bought a new position in shares of Cerebras Systems during the 3rd quarter worth approximately $218,000. Syntax Research Inc. lifted its position in Cerebras Systems by 1,061.0% during the third quarter. Syntax Research Inc. now owns 1,161 shares of the company’s stock valued at $206,000 after acquiring an additional 1,061 shares during the last quarter. Finally, Almanack Investment Partners LLC. purchased a new stake in Cerebras Systems during the third quarter valued at approximately $323,000.

More Cerebras Systems News

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.