On August 6, NEBIUS declined 3.05% overnight, trading at 212.16 USD/share, with turnover of $5.38 million, extending the prior session's pullback after the stock had rallied over 16% cumulatively in the preceding two trading days.
On the news front, Citigroup lowered its target price on NEBIUS from $287 to $278. Meanwhile, 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. The company is scheduled to report earnings on August 12, with market consensus expecting revenue growth of approximately 374% year-over-year, but projected EPS of -$0.67, leaving the pace of profitability recovery in question. Multiple headwinds including analyst caution and pre-earnings uncertainty continue to pressure 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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