Nebius Group stock price target raised to $75 from $65 at DA Davidson

Investing.com - DA Davidson has raised its price target on Nebius Group (NASDAQ:NBIS) to $75.00 from $65.00 while maintaining a Buy rating on the stock. The company’s shares have surged nearly 190% over the past year, with a market capitalization now reaching $13.15 billion. According to InvestingPro data, analysts maintain a Strong Buy consensus on the stock, with price targets ranging from $47 to $84.

The price target increase follows Nebius Group’s strong second-quarter 2025 results, which featured better-than-expected core revenue performance and accelerated data center expansion plans.

Nebius management has raised its full-year Annual Recurring Revenue (ARR) guidance to between $900 million and $1.1 billion, up from the previous range of $750 million to $1 billion.

The company now expects to have over 200 megawatts of connected power ready by year-end and aims to reach 1 gigawatt by the end of next year.

DA Davidson identifies Nebius Group as its favorite "neocloud" and top artificial intelligence pick, noting the company is well-positioned to continue scaling capacity while maintaining various financing options.

In other recent news, Nebius Group has seen several significant developments. DA Davidson raised its price target for Nebius Group to $65 from $55, maintaining a Buy rating, highlighting investor interest in the company’s non-core businesses and potential partial stake sales to fund data center expansion. Additionally, Goldman Sachs initiated coverage on Nebius Group with a Buy rating and set a price target of $68, recognizing its position in the AI Neocloud market, particularly in AI GPU infrastructure rental services. Meanwhile, Nebius Group has launched its first NVIDIA (NASDAQ:NVDA) GB200 capacity in Europe, expanding its AI infrastructure with NVIDIA’s accelerated computing platform and software stack, marking a notable step in its global expansion.

In other company-related news, Sono Group N.V. has extended the maturity dates for four convertible debentures in agreement with Yorkville, pushing the maturity from July 1, 2025, to August 1, 2025. DA Davidson had previously raised Nebius Group’s price target to $55 from $50, citing competitive landscape changes after Meta (NASDAQ:META)’s investment in Scale AI. These recent developments reflect a period of strategic growth and financial adjustments for both Nebius Group and Sono Group.

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