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

Rosenblatt Securities reiterated their buy rating on shares of Cerebras Systems (NASDAQ:CBRS) in a research note released on Thursday morning,Benzinga reports. The firm currently has a $300.00 price objective on the stock.

Several other brokerages also recently weighed in on CBRS. Citigroup lowered their price objective on Cerebras Systems from $340.00 to $320.00 and set a “buy” rating for the company in a research report on Thursday. TD Cowen started coverage on shares of Cerebras Systems in a report on Monday, June 8th. They issued a “buy” rating and a $275.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 target price on shares of Cerebras Systems in a research note on Thursday. Wedbush upped their price target on shares of Cerebras Systems from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, June 24th. Finally, Zacks Research raised shares of Cerebras Systems to a “hold” rating in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $299.90.

Cerebras Systems Trading Down 5.2%

CBRS opened at $218.98 on Thursday. The business has a 50-day moving average of $209.22. Cerebras Systems has a 12 month low of $160.81 and a 12 month high of $386.34.

Cerebras Systems (NASDAQ:CBRS) last released its 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 during the quarter. The firm’s quarterly revenue was up 74.3% compared to the same quarter last year. On average, analysts predict that Cerebras Systems will post -0.6 earnings per share for the current year.

Insider Activity at Cerebras Systems

In other Cerebras Systems news, CAO Yagnesh Patel sold 6,079 shares of Cerebras Systems stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $171.53, for a total transaction of $1,042,730.87. Following the sale, the chief accounting officer directly owned 4,000 shares of the company’s stock, valued at approximately $686,120. The trade was a 60.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 company’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $169.28, for a total value of $6,116,255.68. Following the transaction, the chief operating officer owned 33,314 shares in the company, valued at $5,639,393.92. This trade represents a 52.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 117,547 shares of company stock valued at $20,676,799 in the last three months.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Cerebras Systems stock. Tiger Pacific Capital LP purchased a new stake in shares of Cerebras Systems Inc. (NASDAQ:CBRS) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,000 shares of the company’s stock, valued at approximately $221,000. Cerebras Systems makes up approximately 0.1% of Tiger Pacific Capital LP’s investment portfolio, making the stock its 9th biggest position.

Cerebras Systems News Summary

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

• Positive Sentiment: Cerebras reported strong underlying demand: core revenue increased 103% year over year, while cloud-services revenue surged 287% as customers adopted its fast-inference technology. CBRS Q2 Earnings Beat Estimates as Cloud Revenues Surge 287%
• Positive Sentiment: The company raised its full-year revenue outlook and said it is expanding data-center and manufacturing capacity to support anticipated 2027 growth. Its remaining performance obligations reportedly exceed $25.4 billion, offering substantial long-term visibility. CBRS Q2 Earnings Call Focuses on Capacity for 2027 Growth
• Positive Sentiment: OpenAI selected Cerebras to power the ultrafast mode for GPT-5.6 Sol, strengthening Cerebras’ customer validation and positioning in the rapidly growing AI-inference market. Cerebras Powers Ultrafast Mode for OpenAI’s GPT-5.6 Sol
• Positive Sentiment: Several analysts remain constructive: Wedbush raised its price target to $290 with an outperform rating, while Rosenblatt reaffirmed a $300 target and buy rating.
• Neutral Sentiment: Cerebras will livestream its 2026 SUPERNOVA event, where product announcements and demonstrations could provide a near-term catalyst, although the financial impact remains uncertain. Cerebras to Host Livestream of 2026 SUPERNOVA Event
• Negative Sentiment: Second-quarter revenue of approximately $180 million increased 74% year over year but missed analysts’ estimate of about $194 million. The shortfall raised concerns that Cerebras’ growth trajectory may be less predictable than expected. Cerebras Slumps as Mixed Quarterly Results Test AI Growth Narrative
• Negative Sentiment: Muted third-quarter growth expectations, margin pressure and a quarterly loss overshadowed the raised annual outlook. Investors also questioned whether Cerebras can scale quickly enough to challenge larger AI-chip competitors such as Nvidia.

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.