Northland analyst Nehal Chokshi raised the firm’s price target on Nebius Group (NBIS) to $47 from $34 and keeps an Outperform rating on the shares after the company reported March quarter revenue of $55.3M, modestly above the firm’s estimate of $50.1M. The company having raised its calendar year 2025 capex guidance to $2B from $1B is “a strong positive forward indicator,” driving a 45% increase to the firm’s calendar 2026 revenue estimate, the analyst tells investors.
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