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

Cerebras Systems (NASDAQ:CBRS)‘s stock had its “buy” rating reaffirmed by equities research analysts at Rosenblatt Securities in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $300.00 target price on the stock. Rosenblatt Securities’ target price would indicate a potential upside of 36.36% from the stock’s previous close.

CBRS has been the subject of a number of other reports. Craig Hallum initiated coverage on Cerebras Systems in a research note on Monday, June 8th. They set a “buy” rating and a $325.00 price objective for the company. Morgan Stanley raised their target price on shares of Cerebras Systems from $273.00 to $279.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Citigroup decreased their price objective on Cerebras Systems from $340.00 to $320.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Barclays initiated coverage on Cerebras Systems in a research note on Monday, June 8th. They issued an “overweight” rating and a $280.00 price target for the company. Finally, Mizuho lowered their target price on shares of Cerebras Systems from $310.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, August 13th. One investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $299.90.

Cerebras Systems Price Performance

Shares of NASDAQ CBRS opened at $220.01 on Wednesday. Cerebras Systems has a twelve month low of $160.81 and a twelve month high of $386.34. The firm’s fifty day moving average price is $209.37.

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. Research analysts expect that Cerebras Systems will post -0.52 earnings per share for the current fiscal year.

Insider Transactions at Cerebras Systems

In related news, CTO Sean Lie sold 10,033 shares of the firm’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $170.07, for a total transaction of $1,706,312.31. Following the sale, the chief technology officer owned 10,033 shares in the company, valued at approximately $1,706,312.31. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Dhiraj Mallick sold 36,131 shares of the stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $169.28, for a total transaction of $6,116,255.68. Following the sale, the chief operating officer directly owned 33,314 shares in the company, valued at approximately $5,639,393.92. The trade was a 52.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 167,547 shares of company stock worth $31,585,799.

Institutional Investors Weigh In On Cerebras Systems

Institutional investors have recently bought and sold shares of the company. Tiger Pacific Capital LP acquired a new stake in shares of Cerebras Systems in the second quarter worth approximately $221,000. Ratan Capital Management LP acquired a new stake in Cerebras Systems in the 2nd quarter valued at about $4,641,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Cerebras Systems during the 2nd quarter worth approximately $6,118,000.

Key Stories Impacting Cerebras Systems

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

• Positive Sentiment: CS-4 targets the AI inference market. Cerebras says its new system can deliver performance up to 30 times faster than GPU-based solutions, while its wafer-scale architecture is designed to reduce latency in chatbot and AI-agent workloads. The launch could expand Cerebras’ position as enterprises shift spending toward real-time inference. Cerebras Unveils CS-4
• Positive Sentiment: Commercial momentum remains substantial. Cerebras is associated with hyperscale opportunities involving OpenAI, AMD and Amazon, and reports approximately $25.4 billion in remaining performance obligations. Revenue grew 74.3% year over year to $209.9 million in the latest quarter, while management projects full-year core revenue of $880 million to $890 million.
• Positive Sentiment: Needham reaffirmed its Buy rating and assigned a $300 price target, implying significant potential upside from the stock’s recent level. The target is consistent with the broader analyst consensus near $299.90. Needham Buy Rating and Price Target
• Neutral Sentiment: The CS-4 announcement is a catalyst but also a test. Reports emphasize Cerebras’ potential to outperform traditional GPUs, but investors may wait for independent benchmarks, customer deployments and revenue contribution before treating the claims as proven. Cerebras Launches New Server Chip
• Negative Sentiment: Profitability remains a major concern. Cerebras reported a quarterly loss of $2.98 per share, far below the expected loss of $0.21. The earnings miss and the stock’s wide trading range may be encouraging profit-taking despite strong revenue growth.
• Negative Sentiment: Insider selling adds pressure. Director Steven Vassallo sold 50,000 shares for approximately $10.9 million, cutting his ownership by 50.2%. The filing does not explain the sale, but its size may weigh on sentiment. SEC Form 4 Insider Sale

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.