DA Davidson Raises Nebius Group Price Target to $250 After Data Center Approval

DA Davidson increased its price target for Nebius Group (NBIS) to $250, up from $175. This represents a 43% target increase. The firm reaffirmed its "Neutral" rating on the stock.

The revised target follows approval for Nebius to resume construction on its Vineland, New Jersey data center. According to the analyst, this decision removes a major risk factor related to potential project delays. DA Davidson maintained the Neutral rating, noting the stock's recent rally priced in the positive news.