Nebius Group N.V. (NASDAQ:NBIS) traded lower in premarket Friday, pressured by broader weakness in AI infrastructure stocks after peer CoreWeave Inc. (NASDAQ:CRWV) delivered a mixed earnings report that dampened investor sentiment across the sector.
What Happened With CoreWeave?
CoreWeave, which provides access to Nvidia Corp. (NASDAQ:NVDA) GPUs to large technology and AI-focused companies, reported fourth-quarter revenue of $1.57 billion Thursday, beating analyst estimates of $1.55 billion. Total revenue more than doubled year-over-year.
CoreWeave posted an adjusted fourth-quarter loss of 56 cents per share, missing estimates for a loss of 50 cents per share. The company reported $1.66 billion in operating expenses and closed the quarter with roughly $3.13 billion in cash.
Technical Analysis
Nebius has shown a remarkable 12-month performance, up 227.24%, and currently trades above several key moving averages, indicating sustained bullish trends.
The stock is 7.4% above its 20-day Simple Moving Average (SMA) and just 0.5% above its 100-day SMA. It’s also significantly above its 200-day SMA by 24.5%, reflecting long-term investor confidence despite today’s dip.
Earnings & Analyst Outlook
Nebius is slated to provide its next financial update on May 19.
- EPS Estimate: Loss of 75 cents (Up from loss of 39 cents YoY)
- Revenue Estimate: $343.32 million (Up from $55.30 million YoY)
- Valuation: P/E of 915.0x (Indicates premium valuation)
Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $150.63. Recent analyst moves include:
- Compass Point: Initiated with Buy (Target $150.00) (Feb. 18)
- BWS Financial: Buy (Maintains Target to $130.00) (Feb. 17)
- Morgan Stanley: Initiated with Equal-Weight (Target $126.00) (Jan. 15)
NBIS Price Action: Nebius Group shares were down 3.55% at $101.16 during premarket trading on Friday, according to Benzinga Pro data.
Photo by Piotr Swat via Shutterstock
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