Northland analyst Nehal Chokshi raised the firm’s price target on Nebius (NBIS) to $232 from $211 and keeps an Outperform rating on the shares. The firm is “conservatively” raising its calendar year 2026 ending ARR estimate to $5.4B from $4B and reiterating “Top Pick Status” on Nebius following the company’s Q4 report.
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