Nebius Group N.V. (NASDAQ:NBIS) is among the 10 Stocks ChatGPT Predicts Could Make You Wealthy in 3 Years. On June 8, BofA analyst Tal Liani lifted the firm’s price target on the stock to $280 from $240 and maintained a Buy rating.
The adjustment came after the company announced it would spend £1.7 billion on AI infrastructure expansion in the United Kingdom with the addition of three new deployments of NVIDIA infrastructure, as part of efforts to grow the company’s commercial and AI research and development hub in London.
This follows BNP Paribas initiating coverage on Nebius Group N.V. earlier in the month, on June 2, with a Neutral rating and announcing a price target of $255. Analysts led by Stefan Slowinski cited strong execution and shorter contracts that benefit from increasing GPU rental pricing as the reasons for the re-rating.
As of the close of business on June 12, the stock is a Moderate Buy based on the recommendations from 10 analysts, and has an average share price upside potential of 1%.
Nebius Group N.V. is a Dutch AI infrastructure solutions provider focused on developing a portfolio of technology assets related to AI. The stock has surged 362% over the past year.
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