Cerebras Systems is trading at $117.58, down 4.03%, amid continued pressure following TD Cowen’s price-target cut. - On October 19, TD Cowen lowered its target from $275 to $175 while maintaining a Buy rating. - Coverage linked the earlier decline to the analyst action, ongoing concerns about OpenAI hardware exposure, and potential share sales; no separate October 21 company announcement was identified. - Broader indexes were mixed, so market direction alone does not clearly explain the decline.