Rothschild Redburn Initiates Coverage on Nebius with Sell Rating
On September 22, 2026, Rothschild & Co Redburn initiated coverage of Nebius (NASDAQ: NBIS) with a 'Sell' rating and an $84 price target. This represents a potential downside of 62.42% from the stock's opening price on Monday at $223.54. The firm views Nebius as having the highest risk among AI infrastructure companies it evaluated, contrasting with Wall Street’s broader 'Moderate Buy' consensus and an average target of $232.20. Rothschild Redburn highlighted concerns about hyperscaler leverage when including off-balance-sheet commitments, which may limit funding for future AI infrastructure expansion. The firm is neutral on the sector overall but bearish toward neocloud operators while more optimistic about traditional data-center REITs.
Tickers: $NBIS
Topics: AI Infrastructure Capital Expenditure Equity Research