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Trade NBIS with leverageAn update from Nebius Group ( (NBIS) ) is now available.
Nebius Group N.V. announced on February 12, 2026, that its board will recommend shareholders approve the appointment of Deloitte & Touche LLP as its independent registered public accounting firm for the fiscal year ending December 31, 2026. The move follows a review by the audit committee, which led to the decision to dismiss Reanda Audit & Assurance B.V. after it completes the 2025 year-end audit and the review of first-quarter 2026 results, contingent on shareholder approval.
Reanda’s audit opinion on Nebius’s 2024 financial statements was clean, with no adverse or qualified opinion and no reportable disagreements on accounting or auditing matters through the date of the filing. However, Reanda had previously issued an adverse opinion on Nebius’s internal control over financial reporting as of December 31, 2024, and the transition to Deloitte signals a significant change in the company’s audit oversight that may influence investor perceptions of its governance and control remediation efforts.
Nebius stated it did not consult Deloitte in advance on specific accounting treatments, potential audit opinions, or other reportable issues during 2024 and 2025, seeking to underscore the independence of the incoming auditor. Reanda has provided a confirmation letter to the U.S. Securities and Exchange Commission agreeing with Nebius’s description of the auditor change, aside from matters relating to Deloitte’s prior consultation history, reinforcing transparency around the planned shift in audit firms.
The most recent analyst rating on (NBIS) stock is a Buy with a $211.00 price target. To see the full list of analyst forecasts on Nebius Group stock, see the NBIS Stock Forecast page.
Spark’s Take on NBIS Stock
According to Spark, TipRanks’ AI Analyst, NBIS is a Neutral.
Nebius Group’s overall stock score is primarily impacted by its financial performance challenges, including declining revenues and weak cash flow management. The technical analysis shows mixed signals, with some bearish momentum. The high P/E ratio indicates overvaluation, further weighing down the score. While the earnings call provided a positive outlook with significant deals, the associated risks and challenges limit the overall score.
To see Spark’s full report on NBIS stock, click here.
More about Nebius Group
Nebius Group N.V. is a Dutch-incorporated foreign private issuer listed on Nasdaq under the ticker NBIS. The company operates within the technology and digital infrastructure space, providing cloud-related services with an international focus, and is subject to U.S. public company reporting and internal control requirements under the Securities Exchange Act of 1934.
Average Trading Volume: 15,057,718
Technical Sentiment Signal: Buy
Current Market Cap: $23.11B
See more data about NBIS stock on TipRanks’ Stock Analysis page.