DA Davidson raised the firm’s price target on Nebius (NBIS) to $125 from $75 and keeps a Buy rating on the shares. With the recent announcement of Nebius’ $17.4B contract with Microsoft (MSFT) to deliver GPU capacity for Azure, the firm’s Nebius Data Center Capacity model provides the underlying assumptions that lead it to believe significant valuation upside remains in the core business, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NBIS:
- AI Daily: Anthropic judge rejects proposed $1.5B AI copyright settlement
- Nebius enters AI pact with Microsoft, Teck to combine with Anglo: Morning Buzz
- Nebius rises 44.4%
- Nebius rises 37.8%
- Nebius price target raised to $130 from $90 at BWS Financial