Stock Track | Nebius Soars 5.17% in Pre-Market After Freedom Capital Upgrade to Buy

Stock Track

07/20

NEBIUS (NBIS) shares surged 5.17% in pre-market trading on Monday, following a bullish analyst call.

The sharp move higher came after Freedom Capital Markets analyst Paul Meeks upgraded the stock to Buy from Hold and raised his price target to $200 from $159. The upgrade suggests improved confidence in the company's prospects and could be driving investor optimism.

Prior to the upgrade, the stock had faced significant bearish sentiment in the options market, with large institutional players placing substantial bearish bets. However, the positive analyst action appears to have overshadowed that negative positioning in early trading.

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