BofA initiated coverage of Nebius (NBIS) with a Buy rating and $150 price target implying 31% upside. . By building and running large data centers, Nebius allows companies to train and run AI models without having to invest in their own infrastructure, which represents “a huge opportunity,” the analyst tells investors. With a customer base that includes Microsoft (MSFT) and Meta (META), the firm believes Nebius is strategically positioned to capture share, the analyst added.
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