Markets are off to a sluggish start this week. The S&P 500 and Dow Jones Industrial Average are both trending lower shortly after Monday's trading session opened. Cloud computing stock Nebius Group (NBIS +3.79%) is moving decisively in the other direction thanks to an analyst's auspicious outlook on the stock.
As of 11:01 a.m. ET, shares of Nebius are up 11.2%.
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Shares have soared in 2025 -- and one analyst thinks they're not done rising yet
Initiating coverage on artificial intelligence (AI) stock Nebius, Alexander Duval, an analyst at Goldman Sachs, assigned a buy rating and a $68 price target, which implies upside of 53.5% based on Friday's closing price. Through the first half of 2025, shares of Nebius had already risen nearly 100%.
NASDAQ: NBIS
Key Data Points
Recognizing Nebius as a "leading player in the artificial intelligence neo-cloud market, Duval predicated the favorable perspective of Nebius on the company's full stack software offering and cost advantages, according to Thefly.com.
Providing high-performance infrastructure that is specifically designed for graphics process units (GPUs), neoclouds are a niche of cloud computing that are uinquely suited for AI, machine learning, and other workloads that require substantial computing power.
After today's rise, is it too late to buy Nebius stock?
Those considering Nebius as a way to gain AI exposure would be well-advised to have the stock on their radars considering the significant growth that the business is now enjoying. With respect to the price target, however, it's best to take it with a grain of salt since analysts often have short investing horizons. Essentially, the merits of the company and its ample growth prospects are enough to support clicking the buy button.
