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

Cerebras Systems (NASDAQ:CBRS) had its price objective cut by Mizuho from $310.00 to $300.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts have also weighed in on CBRS. Rosenblatt Securities restated a “buy” rating and issued a $300.00 target price on shares of Cerebras Systems in a research note on Thursday. Wall Street Zen upgraded shares of Cerebras Systems from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 21st. Craig Hallum started coverage on shares of Cerebras Systems in a report on Monday, June 8th. They set a “buy” rating and a $325.00 price objective on the stock. Wedbush raised their price objective on shares of Cerebras Systems from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday, June 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 target price on shares of Cerebras Systems in a research note on Thursday. One 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $299.90.

Cerebras Systems Stock Down 5.2%

CBRS stock opened at $218.98 on Thursday. The company’s fifty day simple moving average is $209.22. Cerebras Systems has a fifty-two week low of $160.81 and a fifty-two week high of $386.34.

Cerebras Systems (NASDAQ:CBRS) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($2.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($2.77). The business had revenue of $209.87 million during the quarter. Cerebras Systems’s quarterly revenue was up 74.3% on a year-over-year basis. As a group, equities research analysts expect that Cerebras Systems will post -0.6 EPS for the current fiscal year.

Insider Transactions at Cerebras Systems

In related news, CAO Yagnesh Patel sold 3,954 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $174.03, for a total value of $688,114.62. Following the transaction, the chief accounting officer owned 3,954 shares in the company, valued at $688,114.62. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Dhiraj Mallick sold 10,000 shares of Cerebras Systems 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 sale, the chief operating officer owned 10,000 shares of the company’s stock, valued at approximately $2,065,100. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 117,547 shares of company stock worth $20,676,799.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Cerebras Systems stock. Bank of New York Mellon Corp purchased a new position in shares of Cerebras Systems Inc. (NASDAQ:CBRS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 27,682 shares of the company’s stock, valued at approximately $6,118,000.

Key Stories 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.

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.