NBIS
The earnings afterglow
Nebius didn’t exactly whisper into earnings season — it came in swinging. The company said Q1 revenue jumped 684% year over year to $399 million, while its adjusted loss came in at 33 cents a share. That’s the kind of growth that makes analysts sit up straight and start reaching for the calculator.
Wall Street wants a bigger scoreboard
Right after the report, a couple of firms decided the old price targets looked a little sleepy:
- DA Davidson kept a Buy rating and lifted its target from $200 to $250.
- Citizens kept a Market Outperform rating and raised its target from $175 to $270.
That’s not just a cosmetic tweak. It’s Wall Street basically saying, “Okay, fine, this AI cloud story might be even bigger than we thought.”
Why investors care
Nebius also reiterated 2026 revenue expectations of $3 billion to $3.4 billion and said annualized run-rate revenue could hit $7 billion to $9 billion. For a company still in hyper-growth mode, those numbers are the kind that can keep valuation models busy all night.
The stock responded in classic fashion, rising 8.4% to $224.73 on Thursday. So if you own NBIS, you’ve got a business that’s growing like a weed and analysts who just handed it a bigger flower pot.
Big picture: when revenue is ripping and analysts are still lifting targets, the market usually keeps paying attention — even if the story is still expensive enough to make your spreadsheet sweat.