Cerebras Stock Slides as TD Cowen Cuts Target Below IPO Price

thecryptobasic2026-10-20 11:34:03

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Cerebras Stock Slides as TD Cowen Cuts Target Below IPO Price

Cerebras Systems (NASDAQ: CBRS) shares fell 3.46% to $116.48 in premarket trading Tuesday, extending losses one day after TD Cowen sharply cut its price target for the artificial intelligence chipmaker while maintaining a Buy rating. TD Cowen lowered its 12-month target to $175 from $275 in a research note issued before Monday's market open.

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