Nebius Group receives analyst upgrades amid rapid revenue growth

Nebius Group, an AI cloud infrastructure provider, has seen significant analyst interest despite recent stock price volatility. BNP Paribas upgraded the company from Neutral to Outperform, raising its price target from $260 to $399 per share. This upgrade follows a second quarter in which Nebius reported sales of $582.3 million, a 454% increase year-over-year, and an adjusted EBITDA of $236.2 million.

Other financial institutions have also adjusted their outlooks. Northland Securities increased its price objective from $248 to $410 with an Outperform rating, while Robert W. Baird raised its target from $250 to $340. Conversely, DA Davidson maintained a Neutral rating with a $175 target. The company maintains a full-year annualized revenue run-rate guidance between $7 billion and $9 billion, supported by customer prepayments to fund data center expansion.