BNP Paribas Initiates Coverage on Nebius Group with a Neutral Rating, Sets $255 Price Target

BNP Paribas initiated coverage on AI infrastructure provider Nebius Group (NBIS). The firm assigned a "Neutral" rating and a $255.00 price target.

Nebius shares have surged over 216% year-to-date. This rally reflects investor favor for the company's position in the AI computing space.

Analyst Stefan Slowinski noted Nebius has demonstrated strong execution. However, the current stock price appears to factor in continued high growth and flawless performance.

This valuation creates a less compelling near-term risk-reward profile. The firm adopted a cautious Neutral stance despite Nebius's strong market position.