BofA believes Nebius shares could rise another 20%. They have already tripled in price
Shares of Arkady Volozh's company have risen 200% since the start of the year / Photo: Shutterstock.com / Piotr Swat
Shares of Nebius Group, a computing power provider, could rise another 20% after more than tripling since the start of the year amid the artificial intelligence boom, according to Bank of America. CNBC cites the bank. The bank maintained its “Buy” rating and raised its price target for the company’s shares from $280 to $310.
Billionaire Arkady Volozh’s company has a “rapidly expanding cloud infrastructure, optimized for AI, and a strong global portfolio of data centers,” which allows it to capitalize on the growing demand for computing power for large AI systems, according to Bank of America analyst Tal Liani, as quoted by CNBC.
"Management experience in project implementation and the company's unified end-to-end platform create sustainable competitive advantages that support further growth," Liani wrote.
Bank of America also gave a positive assessment of Nebius’s record financial results for the second quarter of 2026. Revenue from cloud services, which account for the bulk of the company’s business, increased by 516% to $575 million amid high demand for computing power for artificial intelligence. BofA analysts believe the earnings report could bolster investor confidence in Nebius and support further growth in its stock price.
Liani believes it is particularly important that management has reaffirmed its goal of increasing installed power capacity to 800 MW–1 GW by the end of 2026. According to the analyst, this helps alleviate investors’ concerns regarding the launch timelines for individual sites.
What about the stocks?
Nebius shares initially rose during trading on August 13, but then began to fall by about 2%. Since the beginning of the year, the stock has risen by about 200%.
Most analysts tracking Nebius stock recommend buying it: the stock has 12 “Buy” and “Overweight” ratings, according to MarketWatch. Six others recommend holding the stock (Hold), and one recommends selling (Underweight).
This article was AI-translated and verified by a human editor
