DA Davidson Cuts Nebius Target After Vineland Data-Center Delays Risk 2026 Guidance
DA Davidson lowered its Nebius Group price target to $175 from $250, citing construction delays at the Vineland, New Jersey neocloud data-center project. The firm’s assessment suggests the facility may not be completed during 2026. This conflicts with Nebius’s earlier claim that most Microsoft AI infrastructure deliveries were on track. The Vineland Planning Board also reviewed amendments for the facility expansion.