Nebius slips as analysts cut price targets
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. Compass Point lowered its price target on Nebius Group N.V. (NASDAQ:NBIS), an Amsterdam-based AI cloud company, to $245 from $300 and kept a Buy rating. The shares were down 1.92% in premarket. Warning! GuruFocus has detected 4 Warning…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishCompass Point cut its Nebius target but kept Buy; the weaker guidance and higher capex weigh on the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Compass Point cut its NBIS target to $245 from $300 while keeping a Buy rating.
- 02Third-quarter revenue rose to $980.8 million from $582.3 million.
- 03About $325 million of revenue was non-recurring and 2026 guidance sits at the low end.
- 04Capex outlook rose to about $27 billion.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets