Seeking Alpha upgraded Nebius Group (NBIS) to a Strong Buy on May 23, 2026. The analyst set a price target of $256.91, suggesting a potential 20% upside.
First-quarter 2026 revenues rose 684% year-over-year to $399 million. Cloud AI revenues drove the expansion with an 841% increase.
Adjusted EBITDA reached $129.5 million, yielding a 32.5% margin. The company also secured a $2.6 billion power agreement with Bloom Energy for its AI data centers.
Wall Street analysts maintain a consensus Moderate Buy rating on the stock.