Cerebras Systems (NASDAQ:CBRS) Sees Strong Trading Volume After Analyst Upgrade

Cerebras Systems Inc. (NASDAQ:CBRS) shares saw an uptick in trading volume on Thursday after Wedbush raised their price target on the stock from $270.00 to $280.00. Wedbush currently has an outperform rating on the stock. 5,627,479 shares traded hands during trading, a decline of 23% from the previous session’s volume of 7,268,000 shares.The stock last traded at $165.7410 and had previously closed at $182.26.

A number of other analysts have also recently commented on CBRS. TD Cowen started coverage on Cerebras Systems in a research report on Monday, June 8th. They issued a “buy” rating and a $275.00 price objective for the company. Rosenblatt Securities assumed coverage on shares of Cerebras Systems in a report on Monday, June 8th. They issued a “buy” rating and a $300.00 price target for the company. Barclays started coverage on shares of Cerebras Systems in a research report on Monday, June 8th. They set an “overweight” rating and a $280.00 price objective for the company. Craig Hallum assumed coverage on shares of Cerebras Systems in a research report on Monday, June 8th. They issued a “buy” rating and a $325.00 target price on the stock. Finally, Citigroup assumed coverage on shares of Cerebras Systems in a research note on Monday, June 8th. They set a “buy” rating and a $340.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $299.30.

Cerebras Systems News Roundup

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

• Positive Sentiment: Cerebras posted strong first-quarter results, with revenue of about $193.4 million and EPS of ($0.04), both better than Wall Street estimates. Cerebras Systems earnings report
• Positive Sentiment: The company also lifted 2026 revenue guidance, signaling continued demand for its AI chips and cloud services, including major customer relationships such as OpenAI and AWS. Reuters report on revenue growth
• Neutral Sentiment: Analysts such as Wedbush and Needham reiterated bullish ratings and higher price targets, suggesting some believe the selloff may be overdone. Benzinga coverage
• Negative Sentiment: Investors are focused on management’s warning that gross margins will narrow in Q2 and remain pressured through 2026, which has overshadowed the revenue beat. Reuters margin forecast report
• Negative Sentiment: Reports also note the stock has dropped below its IPO price, reflecting concern that heavy AI buildout spending could delay profitability even as demand remains strong. MarketWatch stock sinks below IPO price

Cerebras Systems Trading Down 8.6%

Cerebras Systems (NASDAQ:CBRS) last issued its earnings results on Tuesday, June 23rd. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.10. The business had revenue of $193.41 million during the quarter, compared to analyst estimates of $180.70 million.

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.