Nebius Stock Jumps After Goldman Sachs Calls a 'Top Pick' With 45% Upside

July 14 - Nebius Group NBIS shares jumped about 12% Monday morning after Goldman Sachs initiated coverage with a "Buy" rating and a $68 price target, which implies around 39% upside.

The investment bank values the AI Neocloud specialist at roughly $10.5 billion, citing its 134% return over the past year. Goldman highlighted Nebius's full?stack GPU infrastructure rental platform, cost advantages, and proven scalability compared with rival offerings.

Despite recent gains, Goldman said Nebius remains attractively priced versus peers, pointing to a supportive catalyst path over the next 12 months. The firm expects new partnerships and technology rollouts to drive further upside.

In a related move, DA Davidson raised its target to $55 from $50, maintaining a Buy recommendation on Nebius's expanding market footprint. Nebius also began offering Europe's first NVIDIA Grace Blackwell GB200 Superchip capacity and teamed up with Saturn Cloud to deliver turnkey AI/ML infrastructure using Hopper GPUs.

Meanwhile, Sono Group extended the maturity dates on its convertible debentures to August 1, 2025, in a refinancing agreement with Yorkville.

With leading analysts lining up bullish forecasts, Nebius is poised to capitalize on surging demand for generative AI compute services.