NBIS is trading at $132.92 (up 6.3%) after Cantor Fitzgerald initiated coverage with an Overweight rating and a $129.00 price target.
- The stock has maintained significant momentum over the past week, gaining 43.8% from its March 30 close of $92.26.
- Broader market tailwinds are providing additional support, with the NASDAQ up 0.81%, though the analyst initiation appears to be the primary catalyst for today's gains.