Analysts at D.A. Davidson and Citi set new 12-month price targets of $250 and $287 for Nebius, implying 19% to 37% upside.
Nebius Group (NASDAQ: NBIS) has climbed 444% over the past 12 months, driven by contracts with cloud hyperscalers and a $2 billion investment from Nvidia. The stock now trades at a $54.5 billion valuation, roughly 16 times expected 2024 earnings.
D.A. Davidson raised its price target to $250 from $200 on May 13, while Citi set a $287 target on May 15, citing stronger demand for the company’s GPU-based technologies amid rising hardware costs. Both firms maintained buy ratings.
Despite the rally, analysts see further upside, with Citi’s target suggesting 37% potential gains and D.A. Davidson forecasting 19% growth from current levels.