Nebius price target raised to $55 from $50 at DA Davidson

DA Davidson raised the firm’s price target on Nebius (NBIS) to $55 from $50 and keeps a Buy rating on the shares. Meta‘s (META) $14.3B investment into Scale AI is effectively removing Scale AI from the competitive landscape and opening up considerable share for alternative providers to capture, the analyst tells investors in a research note. Against this backdrop, the firm has increased conviction that Toloka can capture meaningful market share, DA Davidson added.