Cerebras Watch posted an update
Cerebras shares face a potential new source of supply as the lock-up on major shareholders’ and insiders’ holdings expires, Ad Hoc News reports. Expiry allows holders to sell, but does not mean they will.
Why it mattersThe report also says Wedbush cut its target to $190 from $290 and Rosenblatt to $170 from $300, while both retained positive ratings. Cerebras is due to report third-quarter results on 12 November, giving investors a nearer test of the company’s growth and margins than another round of analyst arithmetic.
Discuss: Should investors treat a lock-up expiry as a meaningful warning sign, or wait to see whether major holders actually sell?
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