TD Cowen Issues Pessimistic Forecast for Cerebras Systems (NASDAQ:CBRS) Stock Price

Posted by Brenda Bartman on Oct 20th, 2026

Cerebras Systems (NASDAQ:CBRS – Get Free Report) had its price objective cut by investment analysts at TD Cowen from $275.00 to $175.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price objective indicates a potential upside of 45.04% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Wedbush lifted their price objective on Cerebras Systems from $280.00 to $290.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. UBS Group increased their price target on Cerebras Systems from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Freedom Capital upgraded Cerebras Systems from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. Wall Street Zen raised Cerebras Systems from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price objective on shares of Cerebras Systems in a research report on Wednesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Cerebras Systems presently has an average rating of “Moderate Buy” and an average price target of $289.90.

View Our Latest Stock Analysis on Cerebras Systems

Cerebras Systems Price Performance

Cerebras Systems stock opened at $120.66 on Monday. The stock’s 50 day moving average is $189.49. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.82 and a quick ratio of 5.80. The company has a market cap of $28.66 billion and a P/E ratio of -1,508.25. Cerebras Systems has a one year low of $120.12 and a one year high of $386.34.

Cerebras Systems (NASDAQ:CBRS – Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($2.98) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($2.77). The business had revenue of $209.87 million during the quarter. Cerebras Systems’s quarterly revenue was up 74.3% on a year-over-year basis. Equities analysts anticipate that Cerebras Systems will post -0.52 earnings per share for the current fiscal year.

Insider Transactions at Cerebras Systems

In other Cerebras Systems news, COO Dhiraj Mallick sold 396,000 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $204.04, for a total value of $80,799,840.00. Following the completion of the sale, the chief operating officer owned 396,000 shares in the company, valued at approximately $80,799,840. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Robert Patrick Jr. Komin sold 32,500 shares of the business’s stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $203.53, for a total transaction of $6,614,725.00. Following the completion of the transaction, the chief financial officer directly owned 30,670 shares of the company’s stock, valued at approximately $6,242,265.10. This represents a 51.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 1,864,452 shares of company stock worth $387,680,754.

Institutional Trading of Cerebras Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wealth Enhancement Trust Services Inc. bought a new position in Cerebras Systems in the 3rd quarter worth approximately $26,000. GK Wealth Management LLC acquired a new position in Cerebras Systems during the 3rd quarter worth $31,000. Silicon Valley Capital Partners bought a new position in Cerebras Systems in the 2nd quarter valued at $44,000. Mather Group LLC. bought a new position in Cerebras Systems in the 3rd quarter valued at $44,000. Finally, CoreCap Advisors LLC bought a new position in Cerebras Systems in the 3rd quarter valued at $52,000.

Cerebras Systems Company Profile

(Get Free Report)

Cerebras Systems is a technology company that develops specialized computing systems for artificial intelligence and high-performance computing. Its core product is the Wafer-Scale Engine, a processor designed to provide large-scale computing capacity and high-speed data movement for training and running AI models.

The company offers integrated AI computing systems, including the Cerebras CS series, which combines its wafer-scale processors with supporting hardware and software. Cerebras also provides access to its technology through cloud-based services, enabling businesses, research organizations and other users to develop and deploy AI applications without operating the underlying systems themselves.

Founded in 2015 and headquartered in Sunnyvale, California, Cerebras serves customers in sectors such as technology, government, scientific research and other data-intensive industries.