Nebius Group price target raised to $50 from $45 at DA Davidson

DA Davidson raised the firm’s price target on Nebius Group (NBIS) to $50 from $45 and keeps a Buy rating on the shares. The company’s “solid” Q1 earnings were underscored by continued growth in the core business and data center footprint expansion, the analyst tells investors in a research note. Nebius is the firm’s “favorite neocloud” that is best positioned for continued scale out of capacity while keeping various financing options available to limit both shareholder dilution and financial leverage, DA Davidson added.