Cerebras Systems (NASDAQ:CBRS) Upgraded to Strong-Buy at Freedom Capital

Posted by George Bondi on Oct 3rd, 2026

Freedom Capital upgraded shares of Cerebras Systems (NASDAQ:CBRS – Free Report) from a hold rating to a strong-buy rating in a research report report published on Friday,Zacks reports.

A number of other analysts also recently weighed in on CBRS. Rosenblatt Securities reissued a “buy” rating and set a $300.00 target price on shares of Cerebras Systems in a research report on Wednesday, August 19th. Zacks Research upgraded shares of Cerebras Systems to a “hold” rating in a research report on Tuesday, June 9th. Craig Hallum assumed coverage on shares of Cerebras Systems in a research note on Monday, June 8th. They issued a “buy” rating and a $325.00 price objective on the stock. Morgan Stanley increased 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, August 13th. Finally, Mizuho lowered their target price on shares of Cerebras Systems from $310.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, August 13th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $299.90.

Check Out Our Latest Stock Report on Cerebras Systems

Cerebras Systems Trading Down 1.8%

NASDAQ CBRS opened at $166.43 on Friday. The company has a 50-day moving average of $201.27. Cerebras Systems has a 12 month low of $160.81 and a 12 month high of $386.34. The company has a market cap of $39.54 billion and a price-to-earnings ratio of -2,080.38. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.82 and a quick ratio of 5.80.

Cerebras Systems (NASDAQ:CBRS – Get Free Report) last issued its quarterly earnings data 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 during the quarter. The business’s quarterly revenue was up 74.3% on a year-over-year basis. As a group, analysts forecast that Cerebras Systems will post -0.52 earnings per share for the current fiscal year.

Insider Activity

In related news, CTO Sean Lie sold 710,247 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $207.86, for a total transaction of $147,631,941.42. Following the transaction, the chief technology officer owned 368,926 shares in the company, valued at $76,684,958.36. The trade was a 65.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven Vassallo sold 50,000 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $210.30, for a total transaction of $10,515,000.00. Following the transaction, the director directly owned 171,977 shares in the company, valued at approximately $36,166,763.10. This represents a 22.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,864,452 shares of company stock worth $387,680,754.

Institutional Investors Weigh In On Cerebras Systems

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Silicon Valley Capital Partners bought a new position in shares of Cerebras Systems during the 2nd quarter worth about $44,000. IFP Advisors Inc acquired a new position in Cerebras Systems during the 2nd quarter worth approximately $169,000. Integrated Wealth Concepts LLC bought a new position in Cerebras Systems in the second quarter worth approximately $197,000. Corient Private Wealth LP bought a new position in Cerebras Systems in the second quarter worth approximately $205,000. Finally, Tiger Pacific Capital LP acquired a new stake in Cerebras Systems in the second quarter valued at approximately $221,000.

Key Stories Impacting Cerebras Systems

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

Positive Sentiment: Analyst pushes back on OpenAI concerns: A recent analyst argued that fears of OpenAI moving its AI workloads away from Cerebras are overblown and described competition from NVIDIA as exaggerated. The bullish view helped support the stock after its recent selloff. Cerebras Systems Stock Rises After Analyst Calls OpenAI Fears Overblown
Positive Sentiment: Long-term AI demand remains a support: Cerebras continues to benefit from an attractive AI-inference market opportunity, while analysts have generally maintained positive ratings and price targets well above the current trading level. However, the company’s most recent quarterly loss significantly exceeded consensus expectations despite strong revenue growth.
Neutral Sentiment: Valuation remains difficult to assess: Cerebras is valued on expected AI growth, backlog and technology advantages rather than current earnings. Analysts remain broadly constructive, but investors are debating whether its performance advantages will translate into durable market share and profitability. Cerebras Systems This Is Not a Golden Buying Opportunity
Negative Sentiment: Multiple executives sold shares: COO Dhiraj Mallick sold 396,000 shares worth about $80.8 million, CFO Robert Patrick Jr. Komin sold 32,500 shares worth roughly $6.6 million, and CAO Yagnesh Patel sold 1,320 shares. The transactions were made under pre-arranged Rule 10b5-1 plans, but their scale—particularly the COO’s sale—has increased investor concern and selling pressure. Cerebras Executive Insider Sale
Negative Sentiment: Competitive and customer risks persist: Reports that OpenAI may be shifting some of its fastest AI models toward NVIDIA hardware have raised concerns about Cerebras’ anchor-customer relationship and future growth. The stock also slipped below its IPO price as insider-sale filings added to the negative narrative. Cerebras Slipped Below Its IPO Price as Insiders Filed to Sell

Cerebras Systems Company Profile

(Get Free Report)

Cerebras Systems is an artificial intelligence computing company that develops specialized hardware and software for training and deploying large AI models. The company’s technology is designed to address the computational demands of generative AI, deep learning and other data-intensive workloads.

Its core products include the Wafer-Scale Engine, a purpose-built AI processor produced on a single silicon wafer, and the CS-3 AI supercomputer, which incorporates that processor into an integrated computing system.