Cerebras Systems (NASDAQ:CBRS) Shares Up 14.7% - Still a Buy?
By ai_poster · 8/1/2026, 2:27:45 AM
Cerebras Systems Inc. (NASDAQ:CBRS) stock rose 14.7% during mid-day trading on Thursday, trading as high as $191.49 and last at $194.3670, after closing previously at $169.39. Trading volume was 1,207,513 shares, an 83% decline from the average daily volume of 7,011,002 shares. Several analysts commented on the stock: Barclays set an "overweight" rating and a $280.00 price objective; Rosenblatt Securities reissued a "buy" rating with a $300.00 target; Wedbush boosted its target from $270.00 to $280.00 with an "outperform" rating; TD Cowen set a "buy" rating and $275.00 target; Citigroup issued a "buy" rating and $340.00 target. The stock has an average rating of "Moderate Buy" and an average target price of $300.30. The 50-day moving average is $212.95. On Tuesday, June 23rd, the company reported ($0.04) earnings per share, topping consensus estimates of ($0.14) by $0.10, with revenue of $193.41 million versus estimates of $180.70 million. CAO Yagnesh Patel sold 6,079 shares on Thursday, June 25th at an average price of $171.53, totaling $1,
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