capital · May 16, 2026
Northland Raises Nebius Price Target to $248 from $215 After Q1 Results
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Northland raised its Nebius price target to $248 from $215 while keeping an Outperform rating. Nebius Q1 revenue rose 684% to $399 million with AI cloud revenue at $389.7 million. ARR reached $1.9 billion and adjusted EBITDA hit $129.5 million. Shares rose 7% on the update following the earnings release. The firm cited strong demand for neocloud services and better-than-expected profitability.
Spend governor blocked model creation: provider_circuit_open (lane=dev, provider=together)