NBIS Stock On Track For 6th Straight Weekly Loss — Analysts Flag Data Center, Capacity Activation Delays

What happened

Nebius shares were down nearly 1.5% in Friday premarket trading and were on track for a sixth straight weekly loss. Baird and BofA cut their price targets, citing data-center capacity activation delays; BofA said planned capacity and related revenue recognition had shifted from late 2026 to early 2027.

Confirmed

Global impact / market context

If delayed capacity comes online later, Nebius may have less space to serve customers and record the associated revenue when expected. That could weaken near-term growth and increase costs or funding needs if the company must wait longer for new facilities to contribute.

Analyst inference

The article presents a mixed picture: Nebius reported third-quarter revenue of $980.8 million, up 571% year over year and above the cited consensus, while BofA saw a fourth-quarter slowdown in the full-year outlook. Analysts’ lower targets reflect concern about execution timing, not just reported sales.

Analyst inference

What to watch

1. Track whether Nebius confirms that delayed third-party data-center capacity becomes active in early 2027, and whether the associated revenue is recorded on that revised schedule. Analyst inference
2. Compare later company guidance with BofA’s view that the full-year outlook implies a sequential fourth-quarter slowdown, meaning revenue growth would ease from the prior quarter. Analyst inference
3. Watch for further analyst estimate or price-target changes, since Baird and BofA lowered targets while retaining their stated concerns about expansion timing. Analyst inference

Evidence

• stocktwits.com