BofA Raises NBIS Price Target to $175 Amid Cloud Expansion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 14 2026
0mins
Source: stocktwits
- Price Target Increase: Bank of America raised Nebius Group's (NBIS) price target from $150 to $175, reflecting its strong market position demonstrated by massive contracts with Microsoft and Meta worth $17.4 billion and $27 billion, respectively, further validating its role as a core supplier in the global AI infrastructure ecosystem.
- Surge in Market Interest: Over the past month, message volume for NBIS and Iren surged by 1,300% and 1,000%, respectively, indicating strong retail investor interest, particularly as Iren pivots from Bitcoin mining to AI infrastructure, creating a bullish sentiment around both stocks.
- Strong Stock Performance: NBIS gained 1.6% in early premarket trading on Tuesday, while Iren rose nearly 3%, with both stocks achieving seven consecutive sessions of gains, reflecting investor confidence in their growth potential amid rising AI-driven cloud demand.
- Investor Focus: Analysts emphasize that Iren's nearly $10 billion deal with Microsoft for computing capacity will be crucial for future contracts, with market attention on its delivery capabilities, as investors await tangible progress in data center expansion to shift the narrative and reduce its valuation discount relative to peers.
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Analyst Views on IREN
Wall Street analysts forecast IREN stock price to rise
12 Analyst Rating
8 Buy
2 Hold
2 Sell
Moderate Buy
Current: 61.860
Low
39.00
Averages
80.40
High
136.00
Current: 61.860
Low
39.00
Averages
80.40
High
136.00
About IREN
IREN Limited is an Australia-based company, which owns and operates data centers powered by 100% renewable energy. Its facilities are optimized for Bitcoin mining, artificial intelligence (AI) cloud services, and other power-dense compute. Its data center mining facilities are in Canal Flats, Mackenzie, Prince George and Childress. Bitcoin Mining provides security to the Bitcoin network. Al Cloud Services provides cloud compute to Al customers, approximately 1,896 NVIDIA H100 and H200 GPUs. Its Canal Flats facility is in the Canadian Rockies, 100 kilometers (km) from Cranbrook regional airport and 500km east of Vancouver. Its facility is in Prince George, the city in northern British Columbia, located 500 km north of Vancouver. Its facility is located in Childress County, Texas, over 250 miles northwest of Dallas and in close proximity to multiple wind and solar generating facilities in the region. Its Childress operations comprise 200 Mega Watt of operating data centers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Economic Impact: The project is expected to create over 500 jobs during construction and provide 200 ongoing skilled positions, significantly boosting local economic development and enhancing employment levels in South Australia.
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- Infrastructure Assurance: The agreement secures four 330kV high-voltage transmission connections that can support 800MW without requiring network upgrades, thereby providing robust infrastructure support for future operations.
- Economic Impact: The project is expected to create over 500 jobs during construction and provide 200 ongoing skilled positions, significantly boosting local economic development and enhancing employment levels in South Australia.
- Strategic Significance: The support from the South Australian government and its commitment to renewable energy position this project to not only meet global and regional AI demands but also strengthen the state's status as a technology and innovation hub in the Asia-Pacific region.
See More
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- Long-Term Investment Strategy: Amidst the volatility of the stock market in 2026, investors are encouraged to focus on stocks that can compound over years rather than those that fluctuate in the short term, highlighting a preference for stable investments.
- ServiceNow Position Increase: The author has recently doubled their position in ServiceNow, indicating strong confidence in the company's future growth potential, which may attract more investor interest.
- Video Content Sharing: The video analyzes three stocks that could potentially double over the next few years, providing investors with insights into market opportunities and facilitating the dissemination of information.
- Market Dynamics Observation: The stock price data as of May 22, 2026, serves as a foundation for analysis, reflecting the market's focus on companies like ServiceNow, which could influence investor decision-making.
See More
IREN's Earnings Report Highlights Transition Challenges and Opportunities
- Earnings Performance: IREN reported a 21.6% year-over-year revenue decline to $144.8 million for Q3, with adjusted EBITDA falling 20% quarter-over-quarter to $59.5 million; despite these disappointing results, the company is intentionally scaling back its Bitcoin mining operations to pivot towards AI cloud services.
- Acquisition Expansion: IREN announced the acquisition of cloud services provider Mirantis for $625 million, which serves 1,500 enterprise clients, expected to enhance IREN's vertical integration in customer-facing services and boost its technical expertise.
- Partnership with Nvidia: IREN formed a new partnership with Nvidia to support the deployment of up to 5 GW of Nvidia DSX AI factory architecture, with Nvidia receiving a five-year warrant to purchase 30 million shares of IREN stock at $70 each, indicating confidence in IREN's infrastructure.
- Financing Progress: In May, IREN successfully raised nearly $3 billion in convertible notes at a 1% interest rate, selling at around $73 per share, reflecting positive financing progress, although substantial capital is still needed to support its expansion plans.
See More
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- Stock Price Surge: AI neocloudIREN's shares rallied 39.6% in May, driven by strategic partnerships and acquisitions, reflecting market confidence in its transformation towards AI cloud services.
- Earnings Report: On May 5, IREN reported a 21.6% decline in revenue to $144.8 million and a 20% drop in adjusted EBITDA to $59.5 million, yet the ongoing strategic pivot suggests potential for future growth in AI cloud services.
- Acquisitions and Expansion: IREN announced the acquisition of cloud services provider Mirantis for $625 million and Spanish data center developer Nostrum Group for approximately €165 million, enhancing its technical capabilities and European market presence.
- Partnership with Nvidia: The new collaboration with Nvidia includes support for deploying up to 5 GW of AI factory architecture and a $3.4 billion cloud contract, significantly boosting IREN's market position and aiding future capital raising efforts.
See More
U.S. Stocks Decline Amid Middle East Tensions
- Market Decline: On Wednesday, the S&P 500 fell by 0.7%, the Nasdaq 100 by 0.3%, and the Dow Jones Industrial Average by 1.2%, marking the largest drop since March, reflecting investor concerns over escalating tensions in the Middle East.
- Oil and Treasury Yields Surge: The exchange of fire between the U.S. and Iran led to a spike in oil prices and Treasury yields, creating a tense market atmosphere that exacerbates investor worries about economic outlook and could threaten corporate profit margins.
- Federal Reserve Economic Report: The latest Beige Book from the Federal Reserve indicates that the U.S. economy expanded at a slight-to-moderate pace through May, despite rising energy costs driven by geopolitical tensions reshaping consumer behavior.
- Tech Stock Movements: Alphabet announced an increase in its equity raise from $80 billion to $84.75 billion, highlighting its urgent need for AI infrastructure development, which may impact its competitive positioning in the market.
See More
US Stock Market Slides Amid Geopolitical Tensions
- Market Decline: The S&P 500 index fell by 0.40%, the Dow Jones Industrial Average dropped by 0.74%, and the Nasdaq 100 decreased by 0.08%, indicating market pressure due to escalating geopolitical tensions, particularly between the US and Iran.
- Rising Oil Prices: The WTI crude oil price surged over 1% to a 1.5-week high amid US-Iran clashes, which could further elevate inflation expectations and impact Federal Reserve monetary policy decisions.
- Strong Employment Data: The US May ADP employment change rose by 122,000, exceeding expectations of 120,000, indicating signs of economic recovery that may support the stock market, although the overall market remains weighed down by declines in software and cybersecurity stocks.
- Divergent Tech Stock Performance: Despite overall market pressure, Marvell Technology's stock rose over 7% following Nvidia CEO's prediction that it would reach a $1 trillion valuation, highlighting the supportive role of AI infrastructure spending on technology stocks.
See More
