Nebius Target Price Ranges from $144 to $410

The 12-month target price for Nebius Group (NBIS) has widened from $144 to $410. In its second-quarter earnings report, revenue increased by 454% year-over-year to $582.3 million, but Wall Street reflected growth potential and execution burdens differently. Northland Securities set a target of $410, Citigroup at $287, Bank of America at $280, Baird at $250, and Morgan Stanley at $144. The difference in target prices is $266, which translates to approximately 210,000 to 600,000 won. Nebius provides AI cloud infrastructure, with NVIDIA-based infrastructure and large customer contracts being key to its growth narrative. In a filing submitted to the SEC in March, it announced a five-year contract worth $27 billion with Meta. Following the earnings announcement, the stock price saw varying increases from the low 20% range to the mid-30% range. Business Insider reported that Michael Burry disclosed a short position in Nebius, pointing out issues of overvaluation and capital-intensive equipment investments. Nebius's second-quarter results showed revenue growth and adjusted EBITDA improvement, but also revealed burdens from large investments and contract execution.

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