Cerebras Systems (NASDAQ:CBRS) Stock Price Up 7.8% – What’s Next?

Posted by Francis Steltz on Nov 11th, 2026

Cerebras Systems Inc. (NASDAQ:CBRS – Get Free Report)’s share price traded up 7.8% on Monday. The company traded as high as $97.46 and last traded at $96.70. Approximately 8,473,204 shares were traded during mid-day trading, an increase of 7% from the average daily volume of 7,949,795 shares. The stock had previously closed at $89.68.

Latest Cerebras Systems News

These are some of the CBRS news items that stood out recently:

Neutral Sentiment: Investors are focused on the Q3 results expected Nov. 12. Earnings previews flag demand and cloud adoption as potential strengths, but margins, ongoing losses and valuation are key risks to watch. Should You Buy, Sell, or Hold Cerebras Systems Stock Before Q3 Earnings?
Negative Sentiment: Analyst caution is a headwind: Wedbush reportedly cut its price target by $100, while Morgan Stanley issued a pessimistic forecast. Lower targets can temper expectations for the stock. Wedbush cuts its Cerebras price target Morgan Stanley forecast
Negative Sentiment: Cerebras’ lock-up expiration could allow insiders or early investors to sell shares, raising concerns about added supply. Separately, Pomerantz LLP said it is investigating claims on behalf of investors; the announcement does not establish wrongdoing. Cerebras lock-up expires ahead of Q3 results Pomerantz investor investigation announcement

Analysts Set New Price Targets

Several research analysts recently commented on CBRS shares. Wall Street Zen upgraded Cerebras Systems from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. UBS Group decreased their price objective on Cerebras Systems from $330.00 to $250.00 and set a “buy” rating on the stock in a research report on Monday, November 2nd. Mizuho dropped their target price on Cerebras Systems from $310.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. Needham & Company LLC reissued a “buy” rating and set a $300.00 target price on shares of Cerebras Systems in a research report on Wednesday, August 19th. Finally, TD Cowen decreased their price target on Cerebras Systems from $275.00 to $175.00 and set a “buy” rating on the stock in a report on Monday, October 19th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $261.80.

Check Out Our Latest Stock Analysis on Cerebras Systems

Cerebras Systems Trading Up 7.9%

The firm has a market capitalization of $24.01 billion and a P/E ratio of -1,263.50. The stock’s 50-day simple moving average is $155.82. 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 – Get Free Report) 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 firm had revenue of $209.87 million for the quarter. The business’s revenue was up 74.3% compared to the same quarter last year. On average, equities analysts forecast that Cerebras Systems Inc. will post -0.52 EPS for the current fiscal year.

Insider Activity

In related news, Director Steven Vassallo sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $210.30, for a total value of $10,515,000.00. Following the completion of the sale, the director owned 171,977 shares in the company, valued at approximately $36,166,763.10. The trade was a 22.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Dhiraj Mallick sold 396,000 shares of the stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $204.04, for a total value of $80,799,840.00. Following the completion of the transaction, the chief operating officer directly owned 396,000 shares in the company, valued at approximately $80,799,840. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 1,924,452 shares of company stock valued at $394,628,154.

Hedge Funds Weigh In On Cerebras Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Washington University grew its stake in Cerebras Systems by 175.3% in the third quarter. Washington University now owns 1,517,400 shares of the company’s stock valued at $269,566,000 after purchasing an additional 966,314 shares during the last quarter. Value Aligned Research Advisors LLC purchased a new position in Cerebras Systems in the second quarter worth $241,934,000. Wellington Management Group LLP acquired a new position in shares of Cerebras Systems during the second quarter worth $194,853,000. Lunate Capital Ltd acquired a new stake in shares of Cerebras Systems in the 3rd quarter worth $115,351,000. Finally, State Street Corp purchased a new position in Cerebras Systems during the 2nd quarter worth $105,343,000.

About Cerebras Systems

(Get Free Report)

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.