Cerebras Systems (NASDAQ:CBRS) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Cerebras Systems (NASDAQ:CBRS) from a sell rating to a hold rating in a research note issued to investors on Saturday.

A number of other analysts have also weighed in on the stock. Barclays assumed coverage on shares of Cerebras Systems in a report on Monday, June 8th. They set an “overweight” rating and a $280.00 target price for the company. Wedbush upped their price target on Cerebras Systems from $280.00 to $290.00 and gave the company an “outperform” rating in a research report on Thursday. Rosenblatt Securities reiterated a “buy” rating and issued a $300.00 price objective on shares of Cerebras Systems in a report on Thursday. Citigroup cut their price objective on Cerebras Systems from $340.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Needham & Company LLC reissued a “buy” rating and set a $300.00 target price on shares of Cerebras Systems in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $299.90.

Cerebras Systems Price Performance

NASDAQ:CBRS opened at $218.98 on Friday. The firm’s fifty day moving average price is $209.22. Cerebras Systems has a 52 week low of $160.81 and a 52 week 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 (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($2.77). The business had revenue of $209.87 million for the quarter. Cerebras Systems’s quarterly revenue was up 74.3% compared to the same quarter last year. Equities research analysts expect that Cerebras Systems will post -0.6 EPS for the current fiscal year.

Insider Activity at Cerebras Systems

In related news, COO Dhiraj Mallick sold 36,131 shares of the stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $169.28, for a total value of $6,116,255.68. Following the completion of the transaction, the chief operating officer directly owned 33,314 shares of the company’s stock, valued at $5,639,393.92. This represents a 52.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Andrew D. Feldman sold 17,990 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $173.06, for a total transaction of $3,113,349.40. Following the completion of the sale, the chief executive officer owned 17,990 shares of the company’s stock, valued at $3,113,349.40. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 117,547 shares of company stock worth $20,676,799 over the last ninety days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Cerebras Systems stock. Tiger Pacific Capital LP purchased a new position in Cerebras Systems Inc. (NASDAQ:CBRS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,000 shares of the company’s stock, valued at approximately $221,000. Cerebras Systems accounts for about 0.1% of Tiger Pacific Capital LP’s investment portfolio, making the stock its 9th largest position.

Key Headlines Impacting Cerebras Systems

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.