Mizuho Lowers Cerebras Systems (NASDAQ:CBRS) Price Target to $300.00

Cerebras Systems (NASDAQ:CBRS) had its price objective reduced by analysts at Mizuho from $310.00 to $300.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s target price would indicate a potential upside of 14.48% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $300.00 price objective on shares of Cerebras Systems in a report on Thursday. Freedom Capital upgraded shares of Cerebras Systems to a “hold” rating in a report on Monday, June 29th. UBS Group restated a “buy” rating on shares of Cerebras Systems in a report on Thursday. Craig Hallum assumed coverage on shares of Cerebras Systems in a research report on Monday, June 8th. They set a “buy” rating and a $325.00 price objective on the stock. Finally, Wedbush raised their target price on Cerebras Systems from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $299.90.

Cerebras Systems Stock Up 11.6%

CBRS opened at $262.06 on Thursday. The business has a 50 day simple moving average of $208.55. Cerebras Systems has a 12 month low of $160.81 and a 12 month high of $386.34.

Cerebras Systems (NASDAQ:CBRS) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($2.98) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($2.77). The firm had revenue of $209.87 million during the quarter. The company’s quarterly revenue was up 74.3% on a year-over-year basis. On average, equities analysts expect that Cerebras Systems will post -0.89 earnings per share for the current year.

Insider Buying and Selling

In other news, COO Dhiraj Mallick sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $206.51, for a total value of $2,065,100.00. Following the completion of the transaction, the chief operating officer owned 10,000 shares of the company’s stock, valued at $2,065,100. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 transaction, the chief technology officer directly owned 10,033 shares of the company’s stock, valued at $1,706,312.31. The trade was a 50.00% decrease in their ownership of the stock. 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. Over the last ninety days, insiders sold 117,547 shares of company stock worth $20,676,799.

Institutional Investors Weigh In On Cerebras Systems

An institutional investor recently bought a new position in Cerebras Systems stock. Bank of New York Mellon Corp bought a new position in shares of Cerebras Systems Inc. (NASDAQ:CBRS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 27,682 shares of the company’s stock, valued at approximately $6,118,000.

Cerebras Systems News Summary

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

• Positive Sentiment: Raised 2026 outlook: Cerebras increased full-year revenue guidance to $880 million-$890 million, above the $864.6 million analyst consensus, and lifted its gross-margin forecast on strong demand for AI chips used in data centers. Cerebras raises annual targets on strong AI chip demand
• Positive Sentiment: Cloud business accelerated: Core second-quarter revenue reached approximately $209.9 million, up 74.3% year over year, while cloud revenue rose 287% to a record $127.7 million. Third-quarter revenue guidance of $214 million-$216 million also exceeded consensus expectations of $211 million. Cerebras Systems Q2 revenue and cloud growth
• Neutral Sentiment: Regulatory filing provides added detail: Cerebras filed its second-quarter Form 10-Q, including information on its share structure and key customers. Investors will likely use the filing to assess customer concentration, dilution risk and financial condition. Cerebras Q2 2026 Form 10-Q filing
• Negative Sentiment: Large earnings miss triggered selling: Cerebras reported a loss of $2.98 per share versus the expected $0.21 loss, a $2.77 miss. Although revenue growth was strong, the bottom-line result overshadowed the improved outlook and raised concerns about near-term profitability. Cerebras raises full-year outlook but stock drops
• Negative Sentiment: Post-earnings whipsaw reflects elevated expectations: Investors initially rewarded Cerebras as an Nvidia challenger, then punished the stock after the earnings release. The reaction indicates that strong growth and guidance were insufficient to offset the earnings miss and uncertainty around the company’s path to profitability. Cerebras stock earnings reaction

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.