A Seeking Alpha analyst reiterated a Strong Buy rating on Nebius Group, citing its partnership with Palantir as a significant growth driver. The collaboration could expand Nebius’s reach among enterprise customers and diversify its customer acquisition channels.
The analyst said the agreement could increase demand for Nebius’s computing power and lower customer acquisition costs.
Valuation models indicate potential upside of 25% to 74% for NBIS stock. The base-case price target is $375.88. The more optimistic target is $402.50.
The analysis also flagged risks, including uncertainty around funding for AI infrastructure, rising financing costs, and the non-exclusive nature of the Palantir partnership.