Movement Alert|NEBIUS Falls 3.1% in Pre-Market Trading, Citi Cuts Target Price as Piper Sandler Initiates with Cautious Stance

Market Focus08-06 16:07

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.

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