Nebius Group is trading 10.9% down today at $166.12 following a sharply negative analyst initiation that set a $95 price target, implying roughly 49% downside from recent levels.
- The bearish call adds to a steep July decline fueled by concerns that Meta’s new Meta Compute cloud initiative could transform a key customer into a direct competitor.
- The stock's significant drop comes despite general strength across the broader software sector, underscoring intense company-specific selling pressure.