🟢 NBIS is trading 5% up today as Cantor Fitzgerald initiates coverage

NBIS is trading at $131.41 (+5.12%) following a bullish initiation from Cantor Fitzgerald.

• Cantor Fitzgerald assigned an Overweight rating and a $129 price target, which shares quickly surpassed after hitting an intraday high of $132.92.
• The move extends a 43.8% rally since March, driven by growing investor optimism regarding the company's $46 billion contract backlog.
• While the S&P 500 is up 0.50%, the analyst action serves as the primary catalyst for the stock's significant outperformance today.