Cerebras Systems (NASDAQ:CBRS) Price Target Cut to $300.00 by Analysts at Mizuho

Key Points

• Mizuho lowered Cerebras Systems’ price target to $300 from $310 while maintaining an “outperform” rating, implying 14.48% upside from the prior close. Analysts overall maintain a “Moderate Buy” consensus with an average target of $299.90.
• Cerebras reported strong growth, including 74.3% year-over-year quarterly revenue growth to $209.87 million, and raised its 2026 revenue outlook to $880 million–$890 million. However, it posted an adjusted loss of $2.98 per share, far worse than the expected $0.21 loss.
• The stock traded up 11.6%, while insiders sold 117,547 shares worth approximately $20.7 million during the last quarter. The company also attracted a new institutional investment from Bank of New York Mellon, which bought about $6.1 million in shares.

Cerebras Systems (NASDAQ:CBRS - Get Free Report) had its price target reduced by equities researchers at Mizuho from $310.00 to $300.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Mizuho's price objective points to a potential upside of 14.48% from the company's previous close.

Other analysts also recently issued research reports about the company. Morgan Stanley lifted their target price on Cerebras Systems from $273.00 to $279.00 and gave the company an "overweight" rating in a research report on Thursday. Barclays assumed coverage on Cerebras Systems in a research note on Monday, June 8th. They issued an "overweight" rating and a $280.00 price target for the company. Wall Street Zen raised Cerebras Systems from a "strong sell" rating to a "sell" rating in a research report on Sunday, June 21st. Rosenblatt Securities reissued a "buy" rating and issued a $300.00 price objective on shares of Cerebras Systems in a report on Thursday. Finally, TD Cowen initiated coverage on shares of Cerebras Systems in a research note on Monday, June 8th. They issued a "buy" rating and a $275.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Cerebras Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $299.90.

Cerebras Systems Trading Up 11.6%

CBRS opened at $262.06 on Thursday. Cerebras Systems has a 12 month low of $160.81 and a 12 month high of $386.34. The company has a fifty day moving average of $208.55.

Cerebras Systems (NASDAQ:CBRS - Get Free Report) last released its quarterly earnings results 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. The firm's revenue for the quarter was up 74.3% compared to the same quarter last year. As a group, equities analysts forecast that Cerebras Systems will post -0.89 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Andrew D. Feldman sold 17,990 shares of the firm's stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $173.06, for a total transaction of $3,113,349.40. Following the sale, the chief executive officer owned 17,990 shares of the company's stock, valued at $3,113,349.40. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Yagnesh Patel sold 3,954 shares of Cerebras Systems stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $174.03, for a total transaction of $688,114.62. Following the sale, the chief accounting officer owned 3,954 shares in the company, valued at approximately $688,114.62. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 117,547 shares of company stock valued at $20,676,799 in the last quarter.

Institutional Trading of Cerebras Systems

A hedge fund recently bought a new stake in Cerebras Systems stock. Bank of New York Mellon Corp acquired a new stake in shares of Cerebras Systems Inc. (NASDAQ:CBRS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,682 shares of the company's stock, valued at approximately $6,118,000.

Cerebras Systems News Roundup

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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