Northland Capital Reduces PT on Nebius Group N.V. (NBIS) to $206, Maintains “Outperform” Rating

With significant hedge fund interest, Nebius Group N.V. (NASDAQ:NBIS) secures a spot on our list of the 11 best AI infrastructure stocks to buy right now.

On November 12, 2025, Nebius Group N.V. (NASDAQ:NBIS) saw Northland Capital reduce its price target on the company from $211 to $206, while reiterating an “Outperform” rating. The firm attributed its bullish stance to impressive reliability metrics, a key to its growth outlook. This is evident from the company’s “sold-out” capacity across the September and December quarters, reflecting strong demand momentum. The investment firm is confident in the company’s guidance of 38-55 MW of incremental active power for the December quarter, alongside a 1.5 GW expansion of contracted power by the end of 2026.

Northland Capital’s revision to its price target followed the company’s announcement of a $3 billion, five-year deal with Meta on November 11. The deal, which will see Nebius Group N.V. (NASDAQ:NBIS) supplying AI infrastructure to Meta, reflects surging hyperscaler demand for high-performance computing power. This builds on the company’s momentum shown in the third quarter, as it reported a 355% revenue surge, allowing the company to project $7-$9 billion in annualized revenue by 2026.

Nebius Group N.V. (NASDAQ:NBIS), which owns Avride and TripleTen, and holds stakes in companies Toloka and Clickhouse, delivers advanced AI infrastructure solutions.

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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