On June 4, NEBIUS declined 4.61% overnight, trading at 241.35 USD/share, with trading volume of $753,200.
On the news front, BNP Paribas initiated coverage on NEBIUS with a Neutral rating and a target price of $255. The analyst team, led by Stefan Slowinski, noted that the stock has already surged over 210% year-to-date as a popular bet on AI compute scarcity, compressing future upside potential. Investment bank D.A. Davidson had also previously issued a cautionary warning on the stock. According to FactSet, NEBIUS carries an average analyst rating of overweight with a mean price target of $248.86.
Adding to the pressure, the Systems Software sector faced broad-based selling. Within the sector, CrowdStrike Holdings fell 10.49%, Oracle declined 3.63%, Palo Alto Networks dropped 2.79%, and ServiceNow slid 2.60%, with sector-wide linkage effects amplifying the pullback in NEBIUS. BNP Paribas simultaneously initiated coverage on competitor CoreWeave with an Outperform rating, further highlighting the relative caution on NEBIUS at current elevated levels.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)