Compass Point raised its price target on Nebius Group (NBIS) to $260 from $150. Analysts maintained a Buy rating following the company's first-quarter performance.
Total revenue grew 75% sequentially to $399 million during the first quarter. The AI Cloud division generated $389.7 million in revenue, representing an 82% surge from the prior quarter. This segment now accounts for 98% of the company's total revenue.
Nebius shares have gained over 500% in the past year. Growth remains driven by soaring demand for AI data center capacity.