'Overbought,' Says Analyst as Nebius Stock (NBIS) Rally Triggers Downgrade
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Analyst Paul Meeks downgraded Nebius Group (NBIS) from Buy to Hold after a 70% stock surge, citing overbought conditions despite strong long-term growth expectations. The price target was raised to $154 from $108, with revenue projected to grow over 200% from 2026 to 2027. The company plans to expand capacity in Finland to meet rising demand. While NBIS remains a strong growth story, the downgrade indicates a more balanced risk-reward scenario, with better opportunities seen in CoreWeave and Applied Digital.
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