Goldman Sachs Thinks Nebius Stock Can Rally 50% From Here. Should You Buy NBIS?
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Nebius (NBIS) shares have already rallied nearly 150% in recent months, but a senior Goldman Sachs analyst believes they are still significantly undervalued at current levels.
On Monday, Alex Duval assumed coverage of the AI infrastructure company with a “Buy” rating and said its shares could extend gains further to $68 over the next 12 months.
Despite today’s surge, Nebius stock is down 10% versus its year-to-date high.
Nebius Stock Dubbed an AI Infrastructure Leader
Goldman Sachs sees potential for another 50% upside in NBIS shares as it views the Amsterdam-headquartered firm as the leader in artificial intelligence infrastructure.
Nebius builds full-stack AI infrastructure, including GPU clusters, cloud platforms, and developer tools, optimized for intensive machine learning workloads across global data centers.
According to Alex Duval, the company’s ability to operate at scale without having to compromise on costs will likely bring it more enterprise and developer clients, potentially contributing to a further increase in its stock price in the second half of 2025.
Duval views the current setup in Nebius stock as offering four times more upside than downside.
NBIS Shares are Relatively Inexpensive to Own
Alex Duval recommends sticking with NBIS stock despite its massive surge since early April also because it’s currently trading at a rather reasonable EV/sales multiple of 3x only.
In comparison, its AI infrastructure peer that went public in March, CoreWeave (CRWV), is going for more than 5x at the time of writing.
Nebius reported an exceptional 385% year-over-year increase in revenue for its fiscal Q1 in late May, and Goldman Sachs is convinced the momentum will sustain moving forward.
What’s the Consensus Rating on Nebius Group?
Nebius stock remains attractive to own at current levels also because other Wall Street firms agree it’s not yet out of room to run further to the upside.
The consensus rating on NBIS shares currently sits at “Strong Buy” with the mean target of about $67 indicating potential upside of another 40% from here.
On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.