William Blair initiated coverage of Nebius Group N.V., assigning an 'Outperform' rating. The firm cited Nebius's potential as a differentiated AI-native cloud platform.
William Blair highlighted Nebius's significant infrastructure scale, software capabilities, key customer relationships, and access to capital as primary strengths. The analyst stated that the current valuation does not fully capture Nebius's long-term earnings potential. This presents a favorable risk/reward scenario for investors.
This rating follows other recent bullish calls. BNP Paribas, for instance, upgraded Nebius and raised its price target to $399.
Nebius's rapid revenue growth and large customer commitments buoy these positive analyst sentiments. These commitments include a long-term agreement with Meta Platforms.