Key Stats for Nebius Stock
- 12-month price change for Nebius stock: 245%
- $NBIS Stock Price as of Sep. 4: $226
- 52-Week High: $300
- $NBIS Stock Price Target: $287
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Nebius Group N.V. (NBIS) has turned into one of the most talked-about names in the AI trade. Shares have climbed sharply over the past year as the company positions itself as an independent alternative to the big cloud giants.
The stock’s run has not been a straight line. But the underlying story keeps getting stronger with every earnings report. Investors are betting that Nebius can keep grabbing a piece of the massive AI infrastructure buildout that hyperscalers alone cannot handle.
Here is a closer look at what is driving Nebius stock, and where analysts see it heading next.
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Nebius stock rally tracks explosive revenue growth
The biggest reason behind the Nebius stock surge is simple. The company’s growth numbers are almost unheard of.
In its second quarter of 2026, Nebius grew group revenue by 454% year over year to $582 million, up 46% from the prior quarter, according to the company’s Aug. 12, 2026, earnings call. Its core Nebius AI business grew even faster, up 514% to $575 million, making up 98% of total revenue.
Annualized run rate revenue, a measure of where sales are trending, reached $3 billion by the end of June. That is up 598% from a year earlier and 58% higher than the $1.9 billion reported just three months prior.
Profitability improved just as fast.
Group adjusted EBITDA came in at $236 million, compared to a loss of $21 million a year ago, with margins expanding to 41% from 32% in the first quarter, Chief Financial Officer Dado Alonso said on the call.
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What is fueling demand for Nebius AI cloud
Nebius builds data center capacity ahead of signing contracts, then sells that capacity through a mix of deal types.
This quarter, it closed four landmark agreements worth more than $1 billion each with companies including Reflection and Cohere, plus a major U.S. lab and a quant trading firm.
Chief Executive Officer Arkady Volozh explained the strategy behind the company’s flexible approach during the earnings call.
“Our strategy is working. We choose when to sell, to whom we sell and on what terms, and how we finance everything,” Volozh told analysts.
That flexibility is showing up in pricing power too. The company’s first capacity auction cleared 15% above the highest price it had ever charged for Blackwell chip capacity, a signal that demand is outpacing supply in the near term.
Several forces are pushing the Nebius stock price target higher among Wall Street analysts:
- Landmark billion-dollar deals signed at yields of $20 million to $25 million per megawatt
- Premium short-term contracts fetching $40 million to $50 million per megawatt
- A new asset-light model letting partners fund infrastructure while Nebius earns high-margin software revenue
- Contracted power targets raised to 5 gigawatts by year-end
- More than $40 billion in contracted backlog supporting cheaper debt financing
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Nebius stock price target keeps climbing
Wall Street has repeatedly raised its outlook for the stock as the growth story unfolds. According to street data compiled by TIKR.com, the average analyst price target for Nebius has moved from $66.50 in June 2025 to $286.69 as of Sept. 4, 2026.
The number of analysts covering the stock has also grown, from just four a year ago to 16 today, reflecting rising institutional interest. The high estimate now sits at $415, while the low estimate is $144.
Based on the closing price of $226.39 on Sept. 4, 2026, the average price target of $286.69 implies roughly 27% upside from current levels.
That gap suggests analysts still see room for the stock to run, even after its steep climb, though the wide range between high and low targets shows real disagreement over how fast Nebius can execute.
Funding and capacity remain key watch points
Nebius is not short on cash to fund its buildout. The company ended the quarter with $8 billion in cash, raised $2.8 billion through its at-the-market equity program, and secured a $775 million asset-backed debt facility in July priced at a modest spread over benchmark rates.
Customer prepayments are expected to bring in more than $9 billion this year alone, according to Alonso, directly reducing how much external financing the company needs.
Still, execution risk is real. Nebius reaffirmed full-year 2026 guidance of $7 billion to $9 billion in annualized run rate revenue and $20 billion to $25 billion in capital expenditures.
Delivering on capacity buildout at gigawatt scale, while managing a regulatory hearing tied to its New Jersey data center site, will be critical tests in the months ahead.
For now, soaring revenue, expanding margins, and rising analyst price targets explain why investors have piled into Nebius stock. Whether that momentum continues depends on how quickly the company can turn contracted capacity into actual, sustained revenue growth.
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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!
