While analysts bullish on Nebius expect the cloud company to continue to benefit from strong demand for AI infrastructure, others are concerned about its lofty valuation, high capital spending, and execution risks. Overall, Wall Street’s consensus rating reflects a cautiously optimistic stance on NBIS stock, with the average price target indicating limited upside from current levels.
Let’s look at the views of some of the analysts on Nebius stock.
Analysts Have Mixed Views on Nebius Stock
Following the Inflection event, Northland analyst Nehal Choksi reiterated a Buy rating on Nebius stock with a price target of $248. Among the key takeaways, the 5-star analyst noted that Nebius is focused on building a reliable business with higher-margin AI-native customers, as reflected in its deal with Meta Platforms, which supports about 300 MW of AI capacity and is backed by an investment-grade customer.
He added that during the investor Q&A session, management highlighted that Nvidia CEO Jensen Huang helps connect AI-native companies with Nebius. Also, Choksi’s discussions with customers revealed that they view the Tavily acquisition as a value addition.
