Nebius Group (NBIS +8.59%) has been on an incredible winning streak. The artificial intelligence (AI) infrastructure company has been winning contracts with cloud hyperscalers and has also secured a partnership and $2 billion investment from AI hardware leader Nvidia.
Thanks to these catalysts, the company's share price has risen roughly 444% over the last 12 months. Strikingly, some Wall Street investment firms think that the stock still has significant room to run in the near term.
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Wall Street stays bullish on Nebius
On May 13, financial services firm D.A. Davidson published an updated analysis on Nebius and reiterated a buy rating on the stock. The investment firm also raised its one-year price target on the stock from $200 per share to $250 per share. Even though the stock has continued to run higher since D.A. Davidson's note, the investment firm's price target still suggests additional upside of roughly 19%.
NASDAQ: NBIS
Key Data Points
On May 15, Citi published its own updated coverage on Nebius. The investment firm maintained a buy rating on the stock, set a one-year price target of $287 per share, and said that demand for the company's technologies was strengthening amid rising prices for graphics processing units (GPUs). Citi's one-year price target currently suggests additional upside potential of roughly 37%.
The stock is valued at roughly $54.5 billion and trading at approximately 16 times this year's expected earnings, so some significant growth is already priced in. On the other hand, the business managed to increase revenue 684% year over year last quarter -- and it's possible that time will show the stock was significantly undervalued at today's prices.
