On August 5, NEBIUS declined 3.43% in regular trading, trading at $220.3/share, with turnover of $530 million. The pullback follows a cumulative gain of over 16% in the prior two sessions.
On the news front, Citi lowered 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 for the company. The cautious institutional tone contrasts with earlier bullish catalysts. Additionally, the company is scheduled to report earnings on August 12, with market consensus expecting revenue growth of approximately 374% year-over-year but an adjusted EPS loss of -$0.67, contributing to a more guarded near-term outlook.
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