On August 6, NEBIUS fell 6.4% in regular trading, trading at $208.00/share, with turnover of $556 million. The stock had surged over 16% cumulatively in the two prior sessions before entering a sustained pullback.
On the news front, Citi Group cut its target price on NEBIUS from $287 to $278. Separately, Piper Sandler initiated coverage with a Neutral rating and a $224 price target, citing short-term uncertainty and expressing a more cautious stance relative to peer CoreWeave. With the company set to report earnings on August 12, the market expects revenue growth of approximately 374% year-over-year, but anticipated EPS of -$0.67 signals continued uncertainty around the pace of profitability recovery. The combination of a target price cut, cautious new coverage, and pre-earnings uncertainty triggered profit-taking following the sharp prior rally, weighing heavily on the stock.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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