- Nebius Group stock has pulled back from its all-time high.
- The company will publish its financial results this week.
- Analysts anticipate that the revenue growth surged in the first quarter.
Nebius stock price has been in a strong uptrend over the past few years and is now hovering near its all-time high. NBIS peaked at $197.63 and has since pulled back to $177. The stock will be in the spotlight this week as it publishes its financial results.
Nebius Stock in Focus as it Publishes its Earnings
The neocloud industry has been one of the fastest-growing sectors over the past few months, and this growth has accelerated as top hyperscalers continue to invest billions of dollars in the sector. For example, the top four spenders plan to allocate over $725 billion in capital spending this year.
Nebius and CoreWeave have become the biggest players in the neocloud industry. Just last week, CoreWeave said that its revenue backlog jumped from over $66 billion in the fourth quarter to nearly $100 billion in Q1.
Nebius will be in the spotlight this week as it releases its financial results, which will provide more color on its business. These numbers follow the company’s announcement of major deals, including a $27 billion partnership with Meta Platforms.
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Nebius has also inked some major deals, including a $19.4 billion one with Microsoft. It ended the first quarter of last year with a backlog of $22 billion, which has now grown to $46 billion following the Meta deal.
In addition, the company received a $2 billion investment from NVIDIA, a move that will help it fund its data center spending. The company also acquired Tavily, an agentic search company, and inked a $880 million data center lease in Israel.
Wall Street analysts expect Nebius’ revenue to come in at $388 million, up 602% YoY. Chances are that, as we saw with CoreWeave, its revenue will be much higher than expected. Its annual revenue is expected to come in at $3.3 billion this year, followed by $10.1 billion next year.
However, the company’s main challenge is rising capital expenditure, which has led to a surge in its debt. It had almost zero debt in early 2025, a figure that has now grown to over $4.56 billion. According to management, the plan is to fund about 60% of its growth through customer prepayments, with the remaining 40% from equity and debt. Its plan is to spend between $16 billion and $20 billion this year.
NBIS Stock Price Forecast: Technical Analysis
The daily chart shows that the Nebius share price has been in a strong bull run this year and is now hovering near its all-time high. It recently moved above the key resistance level at $141, the upper side of the cup-and-handle pattern.
Nebius has also remained above all moving averages and the Supertrend indicator. The Relative Strength Index (RSI) and the MACD have pulled back and are pointing downwards.
Therefore, there is a likelihood that the stock will drop further after earnings, potentially to around $160. This retreat will likely occur as robust revenue growth has already been priced in. The drop will likely be brief, as investors will likely push it back, potentially to over $200.
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