Nebius (NBIS) Stock Today, November 19, 2025: Jumps on Citizens Buy Rating and $3 Billion Meta AI Deal

Nebius Group (NASDAQ: NBIS) – the Amsterdam‑based AI infrastructure specialist – bounced back on Wednesday as Wall Street digested a fresh Buy rating from Citizens, a massive Meta Platforms cloud contract and the aftermath of last week’s brutal “debt bomb” sell‑off. ^[1]

Key takeaways for NBIS on 19 November 2025

Price action: Nebius closed around $95.07, up roughly 5% from Tuesday’s close near $90.54. After hours, the stock traded above $100. ^[2]
Volatility: Shares have swung between the low $90s and above $100 today, continuing the wild moves that followed last week’s 25%+ plunge. ^[3]
Big new rating: Citizens (Citizens JMP) initiated coverage with a “Market Outperform” / Buy rating and a $175 price target, helping spark today’s rebound. ^[4]
Mega AI deals: Nebius is now tied into more than $20 billion of long‑term AI infrastructure contracts, including a $3 billion, five‑year Meta deal and a multi‑year hyperscale agreement with Microsoft in the high‑teens billions. ^[5]
Fundamentals: Q3 2025 revenue jumped 355% year over year to $146.1 million, but the net loss widened to about $120 million amid nearly $1 billion of quarterly capex. ^[6]
Valuation: Even after the pullback, Nebius sports a market cap around $24 billion, a P/E ratio in the mid‑70s and trades at about 4.7× book value. ^[7]

NBIS stock price today: rebound after last week’s “debt bomb”

Nebius shares spent much of Wednesday climbing as investors responded to a wave of fresh analyst commentary and institutional‑ownership headlines.

Regular session: Google Finance shows a last regular‑session price of $95.07, up from a previous close of $90.54, with a regular‑hours range roughly between $91.80 and $96.72. ^[8]
Extended trading: Real‑time quote data indicate the stock was changing hands above $100 in after‑hours, with intraday extremes (including extended hours) stretching from just over $90 to above $102 and volume around 21 million shares, broadly in line with its heavy recent average. ^[9]

Over the past year Nebius has traded between $18.31 and $141.10, so today’s bounce still leaves the stock well below its 52‑week peak but miles above its lows. ^[10]

Even after last week’s sharp correction, several outlets note that NBIS remains up roughly 200%+ in 2025 and had previously climbed more than 500% from its spring lows, making it one of the most explosive AI infrastructure names on the market. ^[11]

Citizens Buy rating and new targets drive the narrative

The biggest incremental catalyst today is Citizens’ entry into the Nebius story.

Coverage initiation: GuruFocus and TipRanks both report that Citizens (Citizens JMP) initiated coverage on Nebius with a Buy / “Market Outperform” rating and a $175 price target on November 19. ^[12]
Cluster of bullish targets: Data compiled by QuiverQuant show at least six recent targets on NBIS, including $130 (BWS Financial), $143 (CICC), $150 (DA Davidson), $175 (Citizens), $211 (Northland) and $120 (Goldman Sachs), with a median around $146.50. ^[13]

MarketBeat’s summary of Wall Street sentiment puts the consensus rating at “Buy” with an average target near $144.71, versus a recent share price around the low‑$90s at the time of that report. ^[14]

TipRanks notes that the Citizens call coincides with Nebius trading higher in Wednesday’s session, as the brokerage grouped Nebius with other AI‑oriented data center and ex‑bitcoin‑miner names it views as supplying “critically scarce” power and capacity for high‑performance compute. ^[15]

Bottom line on today’s rating news:
Wall Street hasn’t turned cautious after the recent crash; if anything, the target range has widened upward, signalling that many analysts see the pullback as an opportunity rather than the end of the story.

Meta and Microsoft mega‑deals underpin the growth story

Today’s trading can’t be separated from Nebius’s rapidly growing contract backlog.

$3 billion Meta AI infrastructure deal

A detailed breakdown from tech site TECHi confirms that alongside its November 11 Q3 report, Nebius announced a five‑year, $3 billion AI infrastructure partnership with Meta Platforms. The contract will supply advanced GPU‑based cloud capacity to train and run Meta’s next‑generation large language models. ^[16]

Analysts and news outlets describe the deal as a crucial validation of Nebius as a tier‑one alternative to traditional hyperscale clouds for AI workloads, especially as tech giants diversify their compute providers. ^[17]

Massive Microsoft “neocloud” agreement

Earlier this autumn, Nebius also secured a multi‑year AI infrastructure deal with Microsoft that various reports size at roughly $17–19 billion in total value. ^[18]

Together, the Meta and Microsoft agreements give Nebius more than $20 billion in contracted AI cloud revenue potential, according to multiple commentaries, and position the company as a core supplier of GPU clusters and AI‑optimized cloud services to blue‑chip customers. ^[19]

Q3 2025 results: explosive growth, heavy losses

Nebius’s latest numbers show rapid scale‑up but at a significant cost.

From Nebius’s Q3 data and independent coverage:

Revenue: Fiscal Q3 2025 (reported November 11) produced $146.1 million in revenue, up ~355% year over year, though slightly below ~$155 million that some analysts had pencilled in. ^[20]
Profitability: Net income was a loss of about $119–120 million, far worse than the roughly $43 million loss in the prior‑year quarter. Operating expenses rose sharply as Nebius built out new data centers and GPU clusters. ^[21]
Cash and capex: Balance‑sheet data show cash and short‑term investments around $4.8 billion, total assets of about $10.1 billion, and total liabilities of roughly $5.3 billion. Q3 cash‑flow figures highlight nearly $952 million of cash used for investing activities, largely tied to infrastructure build‑out, offset by about $4.2 billion of financing inflows, leaving a net cash increase of roughly $3.2 billion for the quarter. ^[22]

Earlier this fall, Nebius also closed a $1.15 billion Class A share offering, which helped bolster its war chest as it chases hyperscale contracts. ^[23]

The big picture: Nebius is running a capital‑intensive land‑grab strategy – securing multi‑billion‑dollar deals first, then spending aggressively on GPUs, power and data centers to deliver them.

Institutional flows: heavy churn but growing ownership

Wednesday’s headlines also spotlighted institutional positioning in NBIS.

New holders: MarketBeat reports that Nicholas Wealth LLC disclosed a new Q2 stake of 4,161 NBIS shares, worth about $230,000, and notes that institutional investors now own roughly 21.9% of Nebius stock. ^[24]
Big Q1 buyers: Firms such as Orbis Allan Gray, Accel Leaders and Invesco each opened sizeable positions in the first quarter, with commitments ranging from roughly $47 million to over $330 million. ^[25]
Hedge‑fund churn: QuiverQuant’s holdings dashboard shows 320 institutional investors adding NBIS and 211 trimming positions in their most recent quarters. Some early whales, like Orbis Allan Gray and Slate Path Capital, reduced large blocks, while others – including Wells Fargo, Two Sigma and UBS – added millions of shares in Q3. ^[26]

Taken together, this paints a picture of rotation rather than abandonment: early, deeply profitable holders are taking risk off after a multi‑hundred‑percent run, while a different cohort of funds is stepping in on the pullback.

Valuation debate: stellar growth vs. “debt bomb” hangover

Rich multiples

On today’s prices, Nebius screens as expensive by traditional metrics:

Market cap: roughly $24 billion.
Trailing P/E: about 76x, depending on the data source.
Price‑to‑book: around 4.7x.
52‑week move: from $18.31 to as high as $141.10. ^[27]

A new analysis from Simply Wall St published today asks whether Nebius’s valuation fully reflects its recent surge and massive cloud deals, pointing out that the stock’s multiples are well above the broader market and many software peers, even after the correction. ^[28]

The “$2 billion debt bomb” that hit AI data‑center names

Yesterday’s widely shared 24/7 Wall St piece – “The $2 Billion Debt Bomb That Torched IREN, Nebius, and Cipher” – helps explain why the stock crashed so hard last week. According to the article, a large $2.35 billion debt offering by Applied Digital raised concerns about leverage across AI data‑center operators and triggered a sector‑wide sell‑off, with Nebius dropping more than 25% in days despite its strong contract backlog. ^[29]

That backdrop is key to today’s action: NBIS is bouncing within a still‑fragile, highly levered niche, where investors are now scrutinizing balance sheets and funding plans as closely as they cheer AI growth.

What analysts and commentators are saying today

Beyond the Citizens note, several fresh pieces of commentary hit the tape on November 19:

Motley Fool published at least two new long‑term takes, including one asking whether Nebius could be “the best stock to own for the next decade of AI expansion” and another branding it an “underrated AI infrastructure stock” that could rival Nvidia’s returns – while emphasising that the stock has already risen more than 200% this year. ^[30]
TipRanks flagged Nebius as a notably volatile AI infrastructure play, but highlighted that the stock has rebounded more than 5% recently as analysts project robust growth and maintain bullish targets. ^[31]
AInvest ran a short piece on Nebius’s 3.9%+ intraday gain, directly tying today’s move to the Meta deal, record Q3 revenue growth and the earlier Microsoft contract, and noting that management is targeting a $7–9 billion annualized revenue run rate by 2026. ^[32]

The recurring themes across these articles are:

Structural demand: AI data‑center capacity remains constrained, especially GPU‑rich infrastructure with access to abundant power.
Contract visibility: Nebius’s multi‑year deals with Meta and Microsoft give it unusually clear revenue visibility for a fast‑growing tech name.
Execution and funding risk: The combination of high capex, rising debt and a still‑loss‑making core business leaves little room for operational missteps if the AI spending cycle slows.

What to watch next for NBIS stock

For traders and investors following NBIS after today’s rebound, several storylines will likely drive the next leg of the move:

Balance‑sheet discipline
Can Nebius continue building out its GPU clusters without leaning too heavily on new equity or expensive debt, especially after the late‑summer share offering and sector concerns around leverage? ^[33]
Meta and Microsoft ramp‑up
The pace at which these mega‑deals translate into reported revenue and cash flow will be crucial. Any delays in deployment, regulatory hurdles around power or data‑center siting, or changes to hyperscaler budgets could inject fresh volatility. ^[34]
Margin trajectory
Investors will be watching whether Nebius can narrow its losses as its data centers fill up, or whether operating expenses and depreciation continue to scale faster than revenue. Q3’s large negative free cash flow and heavy capex set a high bar. ^[35]
Sector sentiment and rates
Because Nebius is valued on long‑dated growth and carries substantial capital needs, interest‑rate expectations and risk appetite for high‑multiple AI names could matter as much as company‑specific news in the short term. ^[36]

Bottom line

On November 19, 2025, Nebius Group’s NBIS stock is staging a notable rebound, helped by:

A new Buy / Market Outperform rating and $175 target from Citizens.
Growing recognition of its $20+ billion AI infrastructure backlog with Meta and Microsoft.
Ongoing interest from institutional investors and a crowded roster of bullish analyst targets.

At the same time, NBIS remains a high‑beta, high‑valuation AI infrastructure play: it is unprofitable, burning large amounts of cash to fund data‑center expansion, and operating in a sector where a single funding headline can erase a quarter of its market value in days. ^[37]

For readers, the message from today’s action is clear: Nebius is still very much in play – both as a leading beneficiary of the AI data‑center boom and as a test case for how far investors are willing to stretch on valuation and leverage to chase that growth.

This article is for informational purposes only and does not constitute investment advice. Always do your own research or consult a licensed financial adviser before making investment decisions.