Hamed Khorsand, an analyst from BWS Financial, maintained the Buy rating on Nebius Group (NBIS – Research Report). The associated price target remains the same with $60.00.
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Hamed Khorsand’s rating is based on the promising expansion of Nebius Group’s AI infrastructure business. The company has demonstrated significant growth in its AI platform, Nebius AI, with an annual recurring revenue (ARR) increase from $90 million at the end of 2024 to $249 million by March 2025. This substantial growth in ARR indicates strong demand and successful scaling of their AI services.
Moreover, Nebius Group’s substantial investment in capital expenditures, amounting to over $540 million in the first quarter and projected to reach $2 billion for the full year, underscores their commitment to meeting this demand. Despite a revenue shortfall in the first quarter compared to expectations, the company’s strategic investments and the potential for leveraging these into further ARR growth support Khorsand’s Buy rating for NBIS.
According to TipRanks, Khorsand is a 5-star analyst with an average return of 8.5% and a 52.75% success rate. Khorsand covers the Technology sector, focusing on stocks such as Eventbrite, Adeia, and Ubiquiti Networks.
In another report released today, Northland Securities also maintained a Buy rating on the stock with a $47.00 price target.
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