Nebius Group has seen its stock surge 210% year to date as demand for its AI-linked cloud computing services accelerates. Bank of America raised its price target to $310 from $280 while maintaining its buy rating, implying nearly 20% upside. In the second quarter, the company posted adjusted EBITDA of $236.2 million, well above the $168.8 million expected, with revenue of $582.3 million beating the $569.9 million consensus estimate. Nebius reiterated its full-year guidance and its target of 800 megawatts to 1 gigawatt of connected power by the end of 2026. Of the 19 analysts covering the stock, 13 have a buy or strong buy rating.
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