Nebius Receives Wall Street Upgrade Amid Strong Growth Projections
Freedom Capital upgraded Nebius (NBIS) to 'Buy' from 'Hold,' raising its price target to $200. Analyst Paul Meeks cited strong revenue growth expectations, with Q1 earnings at $399 million and forecasts of sequential increases in the following quarters. The upgrade reflects growing investor interest in companies supporting AI infrastructure rather than just those developing AI software. Nebius provides high-performance GPU computing power for training and running AI models, positioning it well to benefit from rising demand as more industries adopt AI technologies. Nebius recently reported impressive financial results, including a $2.11 EPS that beat estimates by over 300%. Revenue surged 684% year-over-year to $399 million, far exceeding expectations of a loss and lower revenue.
Topics: AI infrastructure cloud computing revenue growth stock upgrade