Goldman Sachs analyst Alexander Duval initiated coverage of Nebius (NBIS) with a Buy rating and $68 price target which implies 45% upside. The firm says Nebius is a leading player in the artificial intelligence neo-cloud market, which it has a positive view on. The company is well positioned given its full stack software offering, cost advantages and expertise at scale, the analyst tells investors in a research note. Goldman sees a positive risk/reward at current share levels.
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