Nebius Group (NBIS) is gearing up to report its first-quarter earnings next week, scheduled for May 13. The stock is up over 133% year-to-date and 610% over the past year, amid booming demand for AI infrastructure. The rally has also been fueled by major deals, including a reported $27 billion agreement with Meta (META) and a recent partnership with Nvidia (NVDA). However, some analysts believe the stock may be overbought after its huge rally so far this year. They remain concerned about the company’s high valuation and ongoing losses. Despite the skepticism, Wall Street analysts remain highly bullish about the stock heading into the earnings report.
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New trading tool for NBIS bulls/bearsFor context, Nebius is a Dutch technology company specializing in data center operations and cloud infrastructure.
What to Expect from Nebius’ Q1 Earnings
Analysts expect Nebius to report a loss per share (EPS) of $0.77 for the first quarter, compared to the loss of $0.41 per share posted in the same period last year. Meanwhile, revenue is projected to grow over 578% year-over-year to $375.13 million.
Beyond the top- and bottom-line results, investors will closely watch the company’s $50 billion contracted backlog. They will be looking for updates on how quickly Nebius is ramping up capacity and executing large AI infrastructure deals with major customers like Meta and Microsoft (MSFT), especially after the company recently raised its 2026 revenue guidance to between $3 billion and $3.4 billion.
Analysts’ Take on NBIS Ahead of Q1 Earnings
Last month, Wolfe Research analyst Alex Zukin initiated coverage on Nebius with a Neutral rating. The analyst said demand for the company’s AI infrastructure services appears strong and largely de-risked following major deals with Microsoft and Meta. However, Zukin remains cautious about Nebius’ ability to execute and finance its planned expansion projects. As a result, he prefers to remain on the sidelines for now.
Meanwhile, Goldman Sachs analyst Alexander Duval raised the price target on Nebius to $205 from $160 while maintaining a Buy rating on the stock. The analyst cited Nebius’ recently signed long-term AI infrastructure deal with Meta as the key reason for the higher price target.
Is NBIS a Good Stock to Buy?
According to Wall Street analysts, Nebius stock carries a Strong Buy consensus, with eight Buy ratings and two Holds issued over the past three months. The average NBIS stock price target of $174.33 indicates 10.64% downside potential.
