Cerebras Systems Inc. (NASDAQ:CBRS) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Cerebras Systems Inc. (NASDAQ:CBRS) have been given an average rating of “Moderate Buy” by the twelve research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $299.30.

Several brokerages recently commented on CBRS. Rosenblatt Securities reaffirmed a “buy” rating and set a $300.00 target price on shares of Cerebras Systems in a report on Wednesday, June 24th. Citigroup assumed coverage on shares of Cerebras Systems in a report on Monday, June 8th. They issued a “buy” rating and a $340.00 price target on the stock. Needham & Company LLC restated a “buy” rating and set a $300.00 price objective on shares of Cerebras Systems in a research report on Wednesday, June 24th. Wall Street Zen upgraded Cerebras Systems from a “strong sell” rating to a “sell” rating in a report on Sunday, June 21st. Finally, Craig Hallum assumed coverage on Cerebras Systems in a research note on Monday, June 8th. They set a “buy” rating and a $325.00 target price on the stock.

Key Headlines Impacting Cerebras Systems

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

• Positive Sentiment: Cerebras’s latest quarterly report was still a major bright spot: revenue rose 94% year over year to $193.4 million and EPS beat expectations, reinforcing the company’s AI growth narrative. Cerebras Systems (CBRS) Reports Strong Growth Following Multi-Year OpenAI Partnership
• Positive Sentiment: Analyst commentary remains broadly constructive overall, with firms including UBS and Wedbush maintaining bullish views and lifting price targets, suggesting the long-term outlook is still favorable. Cerebras Systems upgraded by Freedom Capital to hold
• Neutral Sentiment: Attention around Cerebras has stayed elevated as investors continue to compare it with other high-profile AI names, which may keep trading active but is not a direct catalyst. Is Cerebras Systems (CBRS) Better Than SpaceX and SanDisk?
• Negative Sentiment: Multiple law firms announced securities-fraud investigations into Cerebras, creating headline risk and uncertainty for shareholders even though no wrongdoing has been proven. Securities Fraud Investigation Into Cerebras Systems Inc. (CBRS) Announced
• Negative Sentiment: Recent insider selling, including a notable COO share sale, is also weighing on sentiment and may have amplified the stock’s decline. Insider trading disclosures for Cerebras Systems

Cerebras Systems Stock Performance

Shares of Cerebras Systems stock opened at $204.86 on Friday. Cerebras Systems has a 1 year low of $160.81 and a 1 year high of $386.34.

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

Insider Transactions at Cerebras Systems

In other news, COO Dhiraj Mallick sold 10,000 shares of Cerebras Systems stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $206.51, for a total transaction of $2,065,100.00. Following the completion of the sale, the chief operating officer owned 10,000 shares of the company’s stock, valued at approximately $2,065,100. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Sean Lie sold 10,033 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief technology officer directly owned 10,033 shares of the company’s stock, valued at approximately $1,706,312.31. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 117,547 shares of company stock valued at $20,676,799.

Cerebras Systems Company Profile

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.