NBIS
Profit-taking finally shows up
Nebius has been one of those stocks that makes you check your app twice because, yes, it really did run that hard. On Tuesday, shares slipped as traders cashed out some gains after the company’s blistering rally earlier this month, while the broader market was busy doing its own little victory lap.
Wall Street is still obsessed, just less romantic
The pullback came right as fresh analyst commentary started rolling in. DA Davidson kicked off coverage with a Neutral rating and a $250 price target, basically saying: "Great execution, strong discipline, but a lot of the easy money may already be gone." That’s not exactly a breakup letter — more like a cautious situationship.
And it wasn’t just DA Davidson. Citi recently kept a Buy rating and lifted its target to $287 on May 15, while Morgan Stanley held an Equal-weight rating and nudged its target up to $144 on May 14. Translation: the Street still likes the AI cloud story, but nobody’s pretending the stock is cheap anymore.
The shorts are still playing defense
Short interest also dipped a bit, from 43.63 million shares to 43.14 million, which is still a hefty 20.19% of the float. So yes, there’s still a crowd betting against Nebius — but the trend chart is basically waving a giant green flag, with the stock far above its key moving averages.
Big picture: Nebius is still very much an AI-name traders want to own, but after a moonshot rally, even good news can trigger a little "I’d like to lock in my gains now, please" behavior. That's how momentum stocks work: thrilling up, annoying on the way down, and never boring.