Key Stats for Nebius Stock
- Price change for Nebius stock in the last 6 months: 61%
- $NBIS Stock Price as of Oct. 8: $220
- 52-Week High: $300
- $NBIS Stock Price Target: $284
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What Happened?
Rosenblatt Securities started coverage of Nebius (NBIS) with a Buy rating. Its price target is $304, about 38% above the current price of $220.
Rosenblatt ranks Nebius near the top of the neocloud group, next to CoreWeave.
It built its target using a ten-year cash flow model. The model uses a 12% discount rate and a 12 times terminal free-cash-flow multiple.
The firm expects revenue to grow about 98% a year from fiscal 2026 to fiscal 2030. It also thinks Nebius will need to raise more debt or equity to fund its expansion.
Nebius already completed a $5.75 billion convertible debt deal in August.
Rosenblatt isn’t the only firm weighing in.
Truist started coverage with a buy rating and a $355 target. DA Davidson raised its target to $250 from $175 after approving the Vineland data center.
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What the Market Is Telling Us About Nebius Stock
Analysts like the growth story, but the stock has already run hard. Nebius stock is up more than 60% in six months. InvestingPro’s fair value analysis also suggests the shares may be overvalued.
The business numbers back up the excitement. Q2 revenue hit $582 million. Nebius AI made up 98% of that.
Adjusted EBITDA was $236 million, a 41% margin. The company says it sold out of capacity.
Nebius has 3.5GW of contracted power. Rosenblatt says 75% should come online through fully owned sites.
On the earnings call, management raised its year-end contracted power target to 5 gigawatts.
Pricing looks strong too. A capacity auction cleared 15% above the highest price Nebius had ever charged. The company is also raising prices on its on-demand GPU services starting in October.
Funding is the main thing to watch.
Management says customer prepayments will bring in more than $9 billion this year. Still, Nebius stockholders should expect more debt or share sales.
Nebius also plans a $4.5 billion convertible notes offering.
Management reaffirmed its 2026 guidance. That includes revenue of $3 billion to $3.4 billion. For now, Nebius stock is being priced on whether it can turn its backlog into real revenue.
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So what is Nebius stock actually worth?
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
