Nebius (NBIS) Stock Rises 4% Pre-Market After Analyst Reiterates $355 Target

TLDR Nebius Group (NBIS) stock rose 3.6% in pre-open trading Monday from a $165.47 close. Truist reiterated a Buy rating with a $355 price target after Friday’s near 12% drop. Nebius launched a $10 million program for European AI developers with NVIDIA and Accel. CoreWeave debt worries and a Gartner warning weighed on neocloud names last week. The stock remains far below its 50-day average of $223.57 and its 52-week high of $299.86. Nebius Group (NBIS) stock rose 3.6% in pre-open trading on Monday. It followed a previous close of $165.47. Nebius Group N.V., NBIS That close came after a near 12% drop on Friday, October 16. The stock lost roughly 21% over the prior week. Friday’s slide tied to a broad selloff in AI infrastructure names.

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