Cerebras Systems Inc. (NASDAQ:CBRS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Cerebras Systems Inc. (NASDAQ:CBRS) have received a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $299.30.

A number of brokerages have issued reports on CBRS. Morgan Stanley upped their target price on Cerebras Systems from $250.00 to $273.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Zacks Research upgraded Cerebras Systems to a “hold” rating in a report on Tuesday, June 9th. Wall Street Zen raised Cerebras Systems from a “strong sell” rating to a “sell” rating in a research note on Sunday, June 21st. Mizuho assumed coverage on shares of Cerebras Systems in a report on Monday, June 8th. They issued an “outperform” rating and a $300.00 price objective for the company. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $300.00 price objective on shares of Cerebras Systems in a report on Wednesday, June 24th.

Key Cerebras Systems News

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

• Positive Sentiment: Cerebras announced a major European expansion plan, including new data centers in France and the Nordics and 200 MW of AI compute capacity by end-2027, which signals strong demand and long-term growth potential. Cerebras Systems Accelerates European Expansion with 200MW of AI Compute Capacity by End of 2027
• Positive Sentiment: Flex and Cerebras expanded their partnership to scale U.S. manufacturing of Cerebras AI supercomputers, with new lines expected to support a 7x increase in production, helping address demand and execution capacity. Flex and Cerebras Expand Partnership to Scale American Manufacturing of Cerebras AI Supercomputers
• Positive Sentiment: Market commentary highlighted Cerebras’ growing AI compute buildout and improving investor sentiment, with some analysts arguing the company still has meaningful upside if its OpenAI, AWS, and hardware expansion plans continue to scale. Cerebras Systems: OpenAI, AWS And The Case For A Buy Rating
• Neutral Sentiment: Additional coverage focused on Cerebras’ planned 200 MW AI compute buildout and European investment strategy, reinforcing the same growth theme without adding materially new information. Cerebras Systems eyes multi-billion-dollar Europe investment
• Negative Sentiment: Pomerantz LLP disclosed an investor investigation into Cerebras, which can create legal overhang and raise concern among shareholders even before any wrongdoing is established. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Cerebras Systems Inc. – CBRS

Cerebras Systems Stock Performance

Shares of NASDAQ:CBRS opened at $198.53 on Friday. 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 Tuesday, June 23rd. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.10. The firm had revenue of $193.41 million during the quarter, compared to the consensus estimate of $180.70 million.

Insider Buying and Selling at Cerebras Systems

In related news, COO Dhiraj Mallick sold 36,131 shares of the business’s stock in a transaction on 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 sale, the chief operating officer owned 33,314 shares of the company’s stock, valued at $5,639,393.92. The trade was a 52.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $173.06, for a total value 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. 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. In 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.