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Nebius Stock Soars 8% as BNP Paribas Delivers Massive Price Target Hike
Yahoo Finance • • business
Key Points:
- Nebius Group (NASDAQ:NBIS) shares rose about 8% after BNP Paribas Exane upgraded its rating to Outperform and increased the price target from $260 to $399.
- The upgrade follows Nebius's announcement of upcoming price increases for its AI cloud services, including a 17%-21% rise for Nvidia GPU instances and a 25% hike for some AMD CPU services starting October 1.
- These pricing adjustments reflect strong demand for computing capacity to support AI model training and deployment, alongside Nebius's rapid AI cloud business growth and new large customer agreements.
- Analyst opinions on Nebius's valuation remain mixed, with price targets ranging widely from $84 to $410, highlighting differing views on the company's future prospects.
- GuruFocus has identified five warning signs for NBIS, suggesting investors should exercise caution despite recent positive developments.
