Nebius ‘Well-Positioned’ In Neo-Cloud Market, Says Goldman Sachs: Analyst Predicts Over 50% Upside For Stock — Retail’s Cautious

Dutch artificial intelligence (AI) infrastructure company Nebius Group N.V. (NBIS) received a bullish rating from a Wall Street firm despite the stock trading at overbought levels. 

Nebius stock is up nearly 60% so far this year, outperforming the broader market and the tech sector.

In a note released Sunday, Goldman Sachs analyst Alexander Duval initiated coverage of Nebius stock with a Buy rating and a $68 price target. The price target implies the stock has roughly 54% upside potential.

Goldman said it holds a positive view about the AI neo-cloud market and believes Nebius is a leading player in the space. The research firm believes the company is well-positioned, given its full-stack software offering, cost advantages, and expertise at scale.

The firm sees the risk/reward as positive at current stock levels.

Nebius is backed by AI chip giant Nvidia, with the latest 13F filed by the latter in mid-July revealing a 1.19-million stake worth $25.13 million at the end of the first quarter.

Last month, Nvidia announced that Nebius would launch its first AI factory in the U.K., making 4,000 Blackwell GPUs available online. 

On Stocktwits, retail sentiment toward Nebius stock remained ‘neutral’ (45/100) by early Monday, same as a day ago, although improving from the ‘neutral’ mood seen a week ago. The message volume was at a ‘low’ level.

Following Goldman’s bullish comments, a bullish watcher said, “Time for reversal.” Another user saw it as a catalyst that could set off a rally in Nebius shares.

But a few predicted declines in the stock due to Trump’s tariff moves.

In Monday’s early market session, Nebius stock rose over 4% to $46.10 despite the major U.S. stock futures pointing to a modestly lower opening. The Koyfin-compiled consensus price target for the stock is $66.50.

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