Nebius price target raised to $125 from $75 at DA Davidson

DA Davidson raised the firm’s price target on Nebius (NBIS) to $125 from $75 and keeps a Buy rating on the shares. With the recent announcement of Nebius’ $17.4B contract with Microsoft (MSFT) to deliver GPU capacity for Azure, the firm’s Nebius Data Center Capacity model provides the underlying assumptions that lead it to believe significant valuation upside remains in the core business, the analyst tells investors in a research note. Published first on TheFly – the ultimate source for real-tim