Cerebras Systems (NASDAQ:CBRS) Earns "Buy" Rating from Rosenblatt Securities

Key Points

• Rosenblatt Securities reaffirmed a “Buy” rating on Cerebras Systems with a $300 price target, implying 14.48% upside from the prior close. Analysts collectively maintain a “Moderate Buy” consensus with an average target of $300.90.
• Cerebras reported 74.3% year-over-year revenue growth to $209.87 million, but its $2.98 quarterly loss per share significantly missed the $0.21 consensus loss. The company nevertheless raised its 2026 revenue guidance to $880 million-$890 million amid strong AI-chip and cloud demand.
• Shares opened at $262.06 after rising 11.6%, while insiders sold 117,547 shares worth approximately $20.7 million over the past three months; the disclosed executive sales were made to cover tax withholding on vested equity awards.

Cerebras Systems (NASDAQ:CBRS - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Rosenblatt Securities in a report issued on Thursday,Benzinga reports. They presently have a $300.00 price target on the stock. Rosenblatt Securities' price target would suggest a potential upside of 14.48% from the stock's previous close.

Several other research analysts have also recently weighed in on CBRS. Wall Street Zen upgraded Cerebras Systems from a "strong sell" rating to a "sell" rating in a research report on Sunday, June 21st. Morgan Stanley upped their price objective on shares of Cerebras Systems from $273.00 to $279.00 and gave the stock an "overweight" rating in a research report on Thursday. Mizuho raised their target price on shares of Cerebras Systems from $300.00 to $310.00 and gave the company an "outperform" rating in a report on Monday, July 27th. TD Cowen began coverage on shares of Cerebras Systems in a report on Monday, June 8th. They set a "buy" rating and a $275.00 price target for the company. Finally, Needham & Company LLC reiterated a "buy" rating and set a $300.00 price target on shares of Cerebras Systems in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $300.90.

Cerebras Systems Stock Up 11.6%

NASDAQ:CBRS opened at $262.06 on Thursday. Cerebras Systems has a 52-week low of $160.81 and a 52-week high of $386.34. The stock's 50-day moving average price is $208.55.

Cerebras Systems (NASDAQ:CBRS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($2.98) EPS for the quarter, missing the consensus estimate of ($0.21) by ($2.77). The company had revenue of $209.87 million during the quarter. The company's revenue for the quarter was up 74.3% compared to the same quarter last year. On average, research analysts predict that Cerebras Systems will post -0.89 earnings per share for the current year.

Insider Activity

In other news, COO Dhiraj Mallick sold 36,131 shares of Cerebras Systems stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $169.28, for a total value of $6,116,255.68. Following the completion of the transaction, the chief operating officer directly owned 33,314 shares of the company's stock, valued at approximately $5,639,393.92. This trade represents a 52.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 business's stock in a transaction dated 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 transaction, the chief executive officer directly owned 17,990 shares in the company, valued at $3,113,349.40. This 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. Insiders have sold 117,547 shares of company stock worth $20,676,799 in the last three months.

Hedge Funds Weigh In On Cerebras Systems

A hedge fund recently bought a new stake in Cerebras Systems stock. Bank of New York Mellon Corp acquired a new position in shares of Cerebras Systems Inc. (NASDAQ:CBRS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 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: Raised 2026 outlook: Cerebras increased full-year revenue guidance to $880 million-$890 million, above the $864.6 million analyst consensus, and lifted its gross-margin forecast on strong demand for AI chips used in data centers. Cerebras raises annual targets on strong AI chip demand
• Positive Sentiment: Cloud business accelerated: Core second-quarter revenue reached approximately $209.9 million, up 74.3% year over year, while cloud revenue rose 287% to a record $127.7 million. Third-quarter revenue guidance of $214 million-$216 million also exceeded consensus expectations of $211 million. Cerebras Systems Q2 revenue and cloud growth
• Neutral Sentiment: Regulatory filing provides added detail: Cerebras filed its second-quarter Form 10-Q, including information on its share structure and key customers. Investors will likely use the filing to assess customer concentration, dilution risk and financial condition. Cerebras Q2 2026 Form 10-Q filing
• Negative Sentiment: Large earnings miss triggered selling: Cerebras reported a loss of $2.98 per share versus the expected $0.21 loss, a $2.77 miss. Although revenue growth was strong, the bottom-line result overshadowed the improved outlook and raised concerns about near-term profitability. Cerebras raises full-year outlook but stock drops
• Negative Sentiment: Post-earnings whipsaw reflects elevated expectations: Investors initially rewarded Cerebras as an Nvidia challenger, then punished the stock after the earnings release. The reaction indicates that strong growth and guidance were insufficient to offset the earnings miss and uncertainty around the company’s path to profitability. Cerebras stock earnings reaction

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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