Nebius Stock Surges After Analyst Raises Price Target
Nebius Group (NASDAQ: NBIS) saw its stock rise by nearly 9.5% after BNP Paribas analyst Stefan Slowinski significantly raised the price target from $260 to $399 per share, representing a potential 76% upside. The upgrade came before Nebius reached the previous target and included a shift in rating from neutral to buy. This optimism is driven by strong demand for Nebius' AI cloud infrastructure services, which has led to increased revenue and recent price hikes on compute resources starting October 1. The company confirmed growing demand for its Nvidia-based processing chips, with some leasing rates increasing up to 20%. Analysts see this as a sign of sustained momentum in the AI sector. Nebius' stock has already nearly tripled in value so far in 2026 and is currently trading at $248.03 per share.
Tickers: $NBIS
Topics: AI Cloud Infrastructure Analyst Coverage Stock Price Movement