BofA analyst Tal Liani raised the firm’s price target on Nebius (NBIS) to $175 from $150 and keeps a Buy rating on the shares. Recent contracts of CoreWeave (CRWV) and Nebius underpins the firm’s constructive outlook for AI infrastructure demand, the analyst tells investors. While the firm makes no changes to its Nebius estimates, it says the scale and structure of recent hyperscaler contracts, combined with ongoing capacity expansion at new data centers in Finland and Alabama, “further validate its position as a core supplier within the global AI infrastructure ecosystem.”
Claim 55% Off TipRanks
New trading tool for CRWV bullsPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NBIS:
- ‘Overbought,’ Says Analyst as Nebius Stock (NBIS) Rally Triggers Downgrade
- Nebius downgraded to Hold from Buy at Freedom Capital
- AI Daily: OpenAI adds $100 per month Pro tier to ChatGPT subscriptions
- Midday Fly By: Ares to acquire Whitestone REIT, Disney to make ‘sizable’ layoffs
- Iren Stock Gets 26% Price Target Cut — Yet AI Infrastructure Is “An Attractive Place to Invest”