Top Analyst Says Nebius (NBIS) Neocloud Story Is at Risk. Here’s Why
TLDR
- DA Davidson cut its NBIS price target from $250 to $175, maintaining a Neutral rating
- The cut follows delays at Nebius’ Vineland facility, which may not be completed in 2026
- Analyst Gil Luria warns the delays could challenge Nebius’ standing as the top neocloud
- Q2 earnings are due August 12; Wall Street expects revenue up 442% year-over-year to $569.89M
- NBIS stock is up 120% year-to-date but trades at $191.53, now above the new price target
Nebius Group has had a strong run in 2026, up 120% year-to-date and delivering a 173% return over the past year. But a fresh analyst cut is now putting that momentum to the test.
DA Davidson analyst Gil Luria lowered his price target on NBIS stock from $250 to $175 on Monday, ahead of the company’s Q2 2026 earnings report due August 12. The stock currently trades at $191.53, placing it above the new target.
Luria kept his Neutral rating in place but flagged serious concerns about construction progress at Nebius’ Vineland facility in New Jersey.
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