Cerebras Systems (NASDAQ:CBRS) Stock Price Target Lowered at UBS Group

Cerebras Systems (NASDAQ:CBRS) had its price objective lowered by UBS Group from $250.00 to $155.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also recently commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $300.00 target price on shares of Cerebras Systems in a research note on Wednesday, August 19th. Citigroup decreased their price target on Cerebras Systems from $340.00 to $320.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Wall Street Zen upgraded Cerebras Systems from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Needham & Company LLC dropped their price objective on Cerebras Systems from $300.00 to $200.00 and set a “buy” rating for the company in a report on Friday. Finally, Jefferies Financial Group raised Cerebras Systems to an “outperform” rating in a research report on Monday, October 5th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $237.80.

Cerebras Systems Stock Up 11.2%

CBRS stock opened at $108.72 on Friday. Cerebras Systems has a 12 month low of $77.84 and a 12 month high of $386.34. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.82 and a quick ratio of 5.80. The business’s 50-day moving average price is $151.02.

Cerebras Systems (NASDAQ:CBRS) last posted its quarterly earnings data on Thursday, November 12th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.26. The firm had revenue of $230.87 million during the quarter. As a group, research analysts forecast that Cerebras Systems will post -0.52 earnings per share for the current fiscal year.

Insider Transactions at Cerebras Systems

In related news, CAO Yagnesh Patel sold 1,320 shares of the stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $204.50, for a total value of $269,940.00. Following the transaction, the chief accounting officer owned 15,356 shares of the company’s stock, valued at $3,140,302. This represents a 7.92% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, CFO Robert Patrick Jr. Komin sold 32,500 shares of the firm’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $203.53, for a total value of $6,614,725.00. Following the transaction, the chief financial officer owned 30,670 shares in the company, valued at $6,242,265.10. The trade was a 51.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,874,452 shares of company stock valued at $383,719,154 in the last ninety days.

Hedge Funds Weigh In On Cerebras Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Washington University raised its holdings in shares of Cerebras Systems by 175.3% in the third quarter. Washington University now owns 1,517,400 shares of the company’s stock valued at $269,566,000 after acquiring an additional 966,314 shares in the last quarter. Value Aligned Research Advisors LLC purchased a new stake in Cerebras Systems in the second quarter worth about $241,934,000. Wellington Management Group LLP purchased a new stake in Cerebras Systems in the second quarter worth about $194,853,000. Lunate Capital Ltd bought a new position in Cerebras Systems during the 3rd quarter worth about $115,351,000. Finally, State Street Corp grew its holdings in Cerebras Systems by 15.2% during the 3rd quarter. State Street Corp now owns 549,086 shares of the company’s stock worth $97,545,000 after acquiring an additional 72,423 shares in the last quarter.

Key Headlines Impacting Cerebras Systems

Investors following CBRS have been watching these headlines:

• Positive Sentiment: The company raised its 2026 core revenue forecast to $940 million–$960 million, above the prior analyst consensus, and guided to fourth-quarter revenue of $310 million–$330 million. It also pointed to ambitions for substantial growth in 2027. Read More.
• Positive Sentiment: A newly announced Microsoft customer relationship, two additional hyperscaler wins and 700 megawatts of data-center capacity under contract strengthen Cerebras’ growth prospects and its effort to compete in AI computing. Read More.
• Negative Sentiment: Execution remains a risk: Cerebras delayed delivery of some AI capacity for OpenAI because of data-center construction delays, and direct chip sales reportedly fell even as cloud revenue surged. A law firm also announced an investor-claims investigation. Read More.

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.