- Nebius Group shares rose 3.6% in pre-open trading on October 19, 2026, after losing roughly 21% over the prior week.
- Truist analysts reiterated Buy ratings on Nebius and CoreWeave and set a $355 price target on NBIS, more than double the pre-market price.
- Truist argued the Firmus IPO collapse did not signal structural weakness for AI cloud providers with contracted backlogs.
- Nebius announced a $10 million program with NVIDIA and Accel to support European AI developers with compute grants, capital access, and community resources.
- BNP Paribas Exane raised its Nebius target from USD 260.00 to USD 399.00 and upgraded to Outperform, citing Q2 revenue of USD 582.30 million.
- Investors await Nebius Q3 results on October 22, 2026, to assess revenue conversion and funding needs.
Quotes
“was not a signal of structural weakness for well-positioned AI cloud providers with contracted backlogs”