Cerebras Systems (NASDAQ:CBRS) Stock Price Target Lowered at Needham & Company LLC

Cerebras Systems (NASDAQ:CBRS) had its price target reduced by equities research analysts at Needham & Company LLC from $300.00 to $200.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC‘s price target would suggest a potential upside of 104.60% from the company’s current price.

CBRS has been the subject of a number of other reports. Jefferies Financial Group raised shares of Cerebras Systems to an “outperform” rating in a report on Monday, October 5th. Citigroup lowered 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. Wedbush dropped their target price on shares of Cerebras Systems from $290.00 to $190.00 and set an “outperform” rating on the stock in a report on Monday. Morgan Stanley cut their target price on shares of Cerebras Systems from $279.00 to $178.00 and set an “overweight” rating for the company in a research note on Monday. Finally, UBS Group reduced their target price on shares of Cerebras Systems from $330.00 to $250.00 and set a “buy” rating for the company in a report on Monday, November 2nd. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $251.80.

Cerebras Systems Price Performance

CBRS opened at $97.75 on Friday. 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 stock has a fifty day moving average price of $152.65. Cerebras Systems has a one year low of $77.84 and a one year high of $386.34.

Cerebras Systems (NASDAQ:CBRS) last announced its earnings results on Thursday, November 12th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.26. The firm had revenue of $230.87 million for the quarter. As a group, equities research analysts predict that Cerebras Systems will post -0.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Cerebras Systems

In related news, CFO Robert Patrick Jr. Komin sold 32,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $203.53, for a total transaction of $6,614,725.00. Following the transaction, the chief financial officer owned 30,670 shares of the company’s stock, valued at approximately $6,242,265.10. This trade represents a 51.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew D. Feldman sold 37,441 shares of Cerebras Systems stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $210.46, for a total transaction of $7,879,832.86. Following the completion of the sale, the chief executive officer owned 16,853 shares of the company’s stock, valued at $3,546,882.38. This trade represents a 68.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,874,452 shares of company stock worth $383,719,154 over the last quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. McGuire Investment Group LLC lifted its stake in shares of Cerebras Systems by 7.6% in the 3rd quarter. McGuire Investment Group LLC now owns 1,420 shares of the company’s stock valued at $252,000 after purchasing an additional 100 shares during the last quarter. Wealth Enhancement Trust Services Inc. acquired a new position in Cerebras Systems during the third quarter worth $26,000. Blue Bell Private Wealth Management LLC acquired a new position in Cerebras Systems during the third quarter worth $31,000. GK Wealth Management LLC bought a new position in Cerebras Systems during the third quarter valued at about $31,000. Finally, Silicon Valley Capital Partners bought a new position in Cerebras Systems during the second quarter valued at about $44,000.

Trending Headlines about Cerebras Systems

Investors following CBRS have been watching these headlines:

• Positive Sentiment: Q3 results topped expectations: Cerebras reported $0.13 in earnings per share versus analysts’ expected loss of $0.13, and $230.9 million in Core revenue. The company also reported $210.8 million in GAAP revenue. Q3 results and outlook
• Positive Sentiment: Management raised full-year 2026 revenue guidance to $940 million–$960 million, above the $887 million consensus. Q4 guidance of $310 million–$330 million also exceeded the $273.6 million estimate. Reuters report on raised forecast
• Positive Sentiment: Cloud growth is a major driver: Core cloud revenue rose 272% year over year to $144.9 million. Cerebras also disclosed a Microsoft deal, two new hyperscaler wins, and 700 megawatts of data-center capacity under contract—signals of expanding demand for its AI infrastructure. CNBC report on results and Microsoft deal

About Cerebras Systems

Cerebras Systems develops computing systems and software designed for artificial intelligence and other compute-intensive workloads. Its products are built around the Wafer-Scale Engine, a large processor designed to support AI model training and inference, and include the CS-3 system and related software. The company also offers cloud-based access to its AI computing infrastructure, giving customers a way to run AI workloads without deploying its systems on site. Its offerings are aimed at organizations developing and operating large AI models, including businesses, research institutions and public-sector customers.