Nebius price target raised to $248 from $215 at Northland

Northland analyst Nehal Chokshi raised the firm’s price target on Nebius (NBIS) to $248 from $215 and keeps an Outperform rating on the shares. After March quarter ARR and profitability surpassed consensus and the firm’s expectations, the analyst continues to believe that Nebius is innovating faster on the software front relative to other AI-as-a-Service peers.

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