On August 6, NEBIUS fell 3.1% in pre-market trading, trading at $213.0/share, with turnover of $9.4773 million, extending the prior session's pullback following a two-day rally of over 16%.
On the news front, Citigroup cut its target price on NEBIUS from $287 to $278, while Piper Sandler initiated coverage with a Neutral rating and a $224 price target, citing short-term uncertainty and expressing a more cautious view relative to peer CoreWeave. The company is scheduled to report earnings on August 12, with consensus expecting revenue growth of approximately 374% year-over-year but an EPS loss of -$0.67, leaving the pace of profitability recovery uncertain. Multiple headwinds are converging to weigh on the stock ahead of the earnings release.
(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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