10 Stocks Jim Cramer and Analysts Are Watching

2. Nebius Group N.V. (NASDAQ:NBIS)

Average Upside Potential: 27.38%

Number of Hedge Fund Holders: 51

Nebius Group N.V. (NASDAQ:NBIS) is one of the 10 stocks that Jim Cramer and analysts are watching. On June 16, DA Davidson raised its price target on the stock from $50 to $55 and maintained a Buy rating.

The analyst said Meta’s $14.3 billion investment in Scale AI is shifting the competitive landscape and creating room for other players. DA Davidson believes Toloka (Nebius’ crowdsourcing and generative AI services provider platform) is well-positioned to gain a significant share in the environment.

On June 10, Cramer said that he was “impressed” by Nebius Group N.V. (NASDAQ:NBIS) at the Nvidia GTC conference, as he commented:

“Okay, I went to their booth when I was out at the conference, the Nvidia GTC conference. I was very impressed. I think they do good things. I didn’t, wasn’t prepared to be impressed frankly, because I like CoreWeave. But let me just tell you how I feel about this Nebius, this stock has… it has an allure. People like it so much. It doesn’t have a lot of people writing about it. It’s very hard for it to disappoint. I’m actually going to say that I think Nebius is going higher. There we go.”

Nebius (NASDAQ:NBIS) develops full-stack infrastructure tailored for AI as it provides cloud platforms, large-scale GPU clusters, and developer tools. The company’s businesses span AI data solutions, tech-focused education, and autonomous driving technologies.