Funding
Rosenblatt Initiates Coverage on Nebius with Buy Recommendation
Rosenblatt Securities has initiated coverage on Nebius ($NBIS) with a Buy recommendation and a price target of $304. They believe Nebius is well-positioned to benefit from massive spending on AI training and inference, with a projected 98% compound annual growth rate (CAGR) through 2030. The company currently has only about 250 MW of active capacity, compared to 3.5 GW contracted, with most of the growth expected as additional power capacity comes online, with 75% expected to be at wholly-owned sites.