Nebius price target raised to $90 from $80 at BWS Financial

BWS Financial raised the firm’s price target on Nebius (NBIS) to $90 from $80 and keeps a Buy rating on the shares. Nebius grew revenue by approximately 90% sequentially, notes the analyst, who contends that Q2 results provide investors with “a glimpse as to the investments the company has been undertaking over the past year.” The revenue growth the company was promising “has shown up” and is expected to continue to trend higher the rest of the year with Nebius having ramped up GPU availability and demand rocketing to consume the available capacity, the analyst tells investors.