Nebius Group is trading at $9.44, up 7.03%, extending momentum after BNP Paribas Exane upgraded it to Outperform from Neutral.
- On September 24, BNP Paribas Exane raised its price target to $399 from $260.
- Planned October 1 price increases for selected AI-cloud GPU services reinforce expectations for stronger pricing power and revenue.
- Broader markets are risk-on, but the clearest catalyst is company-specific.