Nebius Group Stock Soars in 2026
Shares of Nebius Group (NASDAQ: NBIS) have surged 183% in 2026, driven by a robust backlog and strong demand for its AI data center services. The company’s market cap stands at $64 billion, with revenue projected to exceed $23 billion by 2028.
In a recent development, BNP Paribas raised its price target for Nebius from $260 to $399, implying an additional upside of 68%. The company reported a backlog of $40 billion and successfully auctioned off data center capacity at 15% higher prices than previous rates, alongside planned increases in rental prices for Nvidia’s graphics cards and server components.
Despite the stock’s impressive performance, it currently trades at 46 times sales, which may deter some value investors. However, the significant growth potential in the AI infrastructure market positions Nebius as a compelling option for growth-oriented investors.
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