Nebius Group (NBIS) Secures $19.4B Microsoft Deal, BWS Financial Raises Price Target

Nebius Group (NASDAQ:NBIS) ranks among the best fast growth stocks to buy now. Following Nebius Group (NASDAQ:NBIS) securing its first hyperscaler deal with Microsoft, worth up to $19.4 billion over five years, BWS Financial maintained its Buy rating and raised its price target on the company’s shares from $90 to $130 on September 9.

The Microsoft agreement, which would see the tech giant use almost all of NBIS’s New Jersey facility, is a major turning point for Nebius Group (NASDAQ:NBIS), according to BWS Financial.

The firm stated that once Nebius Group (NASDAQ:NBIS) grows to new sites across the US, this deal might open the door for other hyperscalers to consider the company as a potential collaborator.

Nebius Group (NASDAQ:NBIS) is a technology company that develops full-stack infrastructure for the global AI market in the Netherlands, Europe, North America, and Israel.

While we acknowledge the potential of NBIS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NBIS and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.