Hamed Khorsand, an analyst from BWS Financial, maintained the Buy rating on Nebius Group (NBIS – Research Report). The associated price target remains the same with $60.00.
Hamed Khorsand’s rating is based on several compelling factors that highlight Nebius Group’s potential for growth and value. One of the key reasons is the company’s ownership of critical architecture and hardware for offering AI services, which positions it strongly in the AI cloud platform market. Additionally, Nebius Group’s rapid expansion in GPU capabilities is expected to enhance its competitive stance, potentially leading to a higher market valuation.
Furthermore, the recent S-1 filing by CoreWeave has brought attention to the valuation gap between CoreWeave and Nebius Group, suggesting that Nebius may be undervalued. Despite the current market environment being risk-averse, Khorsand believes that the intrinsic value of Nebius Group remains robust, with a target price of $60, reflecting its long-term growth prospects and strategic assets.
According to TipRanks, Khorsand is a 5-star analyst with an average return of 8.3% and a 51.58% success rate. Khorsand covers the Technology sector, focusing on stocks such as Immersion, Innodata, and Adeia.