Cerebras Systems (NASDAQ:CBRS) Stock Price Target Lowered at Needham & Company LLC

Cerebras Systems (NASDAQ:CBRS) had its price objective trimmed by Needham & Company LLC from $300.00 to $200.00 in a research note published on Friday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts also recently weighed in on the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $300.00 price target on shares of Cerebras Systems in a research report on Wednesday, August 19th. TD Cowen decreased their price objective on Cerebras Systems from $275.00 to $175.00 and set a “buy” rating for the company in a report on Monday, October 19th. Morgan Stanley lowered their target price on Cerebras Systems from $279.00 to $178.00 and set an “overweight” rating on the stock in a research note on Monday, November 9th. Wedbush lowered their target price on Cerebras Systems from $290.00 to $190.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Mizuho dropped their target price on Cerebras Systems from $310.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $237.80.

Cerebras Systems Trading Up 11.2%

NASDAQ:CBRS opened at $108.72 on Friday. Cerebras Systems has a 1-year low of $77.84 and a 1-year high of $386.34. The business has a fifty day simple moving average of $151.02. The company has a current ratio of 5.82, a quick ratio of 5.80 and a debt-to-equity ratio of 0.02.

Cerebras Systems (NASDAQ:CBRS) last issued its earnings results on Thursday, November 12th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.26. The business had revenue of $230.87 million for the quarter. On average, equities research analysts anticipate that Cerebras Systems will post -0.52 EPS for the current fiscal year.

Insider Transactions at Cerebras Systems

In related news, Director Eric Vishria sold 68,268 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $229.77, for a total value of $15,685,938.36. Following the completion of the transaction, the director directly owned 31,383 shares in the company, valued at $7,210,871.91. The trade was a 68.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Dhiraj Mallick sold 396,000 shares of the stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $204.04, for a total transaction of $80,799,840.00. Following the sale, the chief operating officer directly owned 396,000 shares in the company, valued at $80,799,840. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 1,874,452 shares of company stock worth $383,719,154.

Institutional Investors Weigh In On Cerebras Systems

Several hedge funds have recently modified their holdings of CBRS. Wealth Enhancement Trust Services Inc. purchased a new stake in shares of Cerebras Systems during the 3rd quarter worth about $26,000. Blue Bell Private Wealth Management LLC purchased a new position in shares of Cerebras Systems in the 3rd quarter valued at about $31,000. GK Wealth Management LLC purchased a new position in shares of Cerebras Systems in the 3rd quarter valued at about $31,000. Silicon Valley Capital Partners acquired a new position in Cerebras Systems in the 2nd quarter worth about $44,000. Finally, Torren Management LLC acquired a new position in Cerebras Systems in the 3rd quarter worth about $39,000.

Top Cerebras Systems Stories

Investors following CBRS have been watching these stories:

• Positive Sentiment: Cerebras reported record third-quarter core revenue of $230.9 million and EPS of $0.13, ahead of analysts’ expectations for a loss. Cloud revenue grew sharply year over year, reflecting robust demand for its AI computing services. Read More.
• 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.

Cerebras Systems Company Profile

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.