Cerebras Systems (NASDAQ:CBRS) Upgraded at Wall Street Zen

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

Other equities research analysts have also recently issued research reports about the company. Craig Hallum began coverage on Cerebras Systems in a research note on Monday, June 8th. They issued a “buy” rating and a $325.00 price objective for the company. Freedom Capital upgraded Cerebras Systems to a “hold” rating in a research report on Monday, June 29th. Citigroup lowered their target price on Cerebras Systems from $340.00 to $320.00 and set a “buy” rating on the stock in a report on Thursday. Morgan Stanley raised their price target on Cerebras Systems from $273.00 to $279.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Barclays began coverage on Cerebras Systems in a research note on Monday, June 8th. They set an “overweight” rating and a $280.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $299.90.

Cerebras Systems Trading Up 15.1%

CBRS stock opened at $251.98 on Friday. The business’s 50-day moving average is $209.51. Cerebras Systems has a 52 week low of $160.81 and a 52 week high of $386.34.

Cerebras Systems (NASDAQ:CBRS) last issued its 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 revenue was up 74.3% compared to the same quarter last year. On average, equities analysts predict that Cerebras Systems will post -0.6 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Andrew D. Feldman sold 17,990 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $173.06, for a total value of $3,113,349.40. Following the completion of the transaction, the chief executive officer directly 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. The transaction was disclosed in a legal filing 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, CTO Sean Lie sold 10,033 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $170.07, for a total value of $1,706,312.31. Following the completion of the transaction, the chief technology officer directly owned 10,033 shares of the company’s stock, valued at approximately $1,706,312.31. This trade represents a 50.00% decrease in their ownership of the stock. 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 three months, insiders sold 117,547 shares of company stock worth $20,676,799.

Institutional Inflows and Outflows

A hedge fund recently bought a new position 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 filing with the Securities & Exchange Commission. The fund purchased 27,682 shares of the company’s stock, valued at approximately $6,118,000.

More Cerebras Systems News

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

• Positive Sentiment: Potentially larger OpenAI opportunity: Wedbush cited progress in Cerebras’ OpenAI deal and linked the company to OpenAI’s newest inference tier and GPT-5.6 Sol-related developments. Investors viewed a broader commercial relationship as a potential source of substantial future revenue. Cerebras Shares Jump 15% as Wedbush Flags Bigger OpenAI Deal Opportunity
• Positive Sentiment: Strong AI growth outlook: Recent coverage highlighted 74% year-over-year quarterly revenue growth and a 281% increase in AI cloud-services revenue. Analysts and commentators expect accelerating demand for Cerebras’ wafer-scale technology as AI infrastructure spending expands, with improving gross margins suggesting pricing power. Cerebras: AI Growth Is Just Kicking Off
• Positive Sentiment: Analyst sentiment remains supportive: The average analyst price target implies considerable potential upside, while upward earnings-estimate revisions point to improving expectations for the business. However, price targets are not reliable guarantees of future returns. Does Cerebras Have the Potential to Rally?
• Positive Sentiment: Broader infrastructure demand: A $1.1 billion take-or-pay contract involving Cerebras customer Digi Power X underscores the value of reliable AI-compute capacity and could support demand for Cerebras systems as data-center power and inference capacity remain constrained. Power Scarcity Makes Cerebras Contract More Valuable
• Neutral Sentiment: Trading activity increased: Cerebras experienced unusually high volume following analyst-related coverage, indicating strong investor attention but also the possibility of elevated short-term volatility. Cerebras Sees Unusually High Trading Volume
• Negative Sentiment: Profitability remains a risk: Cerebras recently reported a quarterly adjusted loss substantially wider than analysts expected. Continued losses and the stock’s high valuation could limit gains if OpenAI-related growth or AI spending fails to materialize as anticipated.

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.