DA Davidson Maintains Buy on Nebius (NBIS), Raises PT

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.

A professional investor in a bespoke suit calmly analysing a stock exchange chart.

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.

While we acknowledge the potential of NBIS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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