Nebius Group Secures National Supercomputer Contract in Israel
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Yahoo Finance
- National Supercomputer Contract: On January 20, Nebius Group was selected by the Israel Innovation Authority to operate and develop the national supercomputer infrastructure, marking a significant position for the company in the AI sector.
- Technology Validation: The project will deploy 1,000 Nvidia B200 accelerators, showcasing the reliability and high performance of Nebius's technology, further enhancing market confidence in its products.
- Increased Industry Influence: Dror Bin, CEO of the Israel Innovation Authority, noted that the launch of the supercomputer will strengthen Israel's R&D infrastructure, drive innovation in industry and academia, and solidify Israel's leadership in the global technological race.
- Analyst Rating Support: Morgan Stanley began coverage of the stock on January 15 with a Hold rating and a price target of $126, implying a 32.56% upside, reflecting strong external validation for Nebius's AI cloud platform.
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Analyst Views on NBIS
Wall Street analysts forecast NBIS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NBIS is 164.20 USD with a low forecast of 130.00 USD and a high forecast of 211.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 94.910
Low
130.00
Averages
164.20
High
211.00
Current: 94.910
Low
130.00
Averages
164.20
High
211.00
About NBIS
Nebius Group NV is a Netherlands-based infrastructure company operating in the technology industry. The Company is engaged in developing a portfolio of artificial intelligence-related technology assets. It is involved in creating an artificial intelligence-centric player to integrate the essential elements of artificial intelligence development with infrastructure, data and advisory globally. It offers products and services such as a cloud platform for artificial intelligence-related workloads, development team services for autonomous vehicles, development of generative artificial intelligence. Nebius builds full-stack infrastructure to service the growth of the global AI industry, including GPU clusters, cloud platforms and tools and services for developers. Company is developing three other businesses that operate under their own brands: Toloka AI, TripleTen and Avride.
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.
Nebius Group Secures National Supercomputer Contract in Israel
- National Supercomputer Contract: On January 20, Nebius Group was selected by the Israel Innovation Authority to operate and develop the national supercomputer infrastructure, marking a significant position for the company in the AI sector.
- Technology Validation: The project will deploy 1,000 Nvidia B200 accelerators, showcasing the reliability and high performance of Nebius's technology, further enhancing market confidence in its products.
- Increased Industry Influence: Dror Bin, CEO of the Israel Innovation Authority, noted that the launch of the supercomputer will strengthen Israel's R&D infrastructure, drive innovation in industry and academia, and solidify Israel's leadership in the global technological race.
- Analyst Rating Support: Morgan Stanley began coverage of the stock on January 15 with a Hold rating and a price target of $126, implying a 32.56% upside, reflecting strong external validation for Nebius's AI cloud platform.
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Nebius Group Shares Plunge Amid Broader Market Downturn
- Market Downturn Impact: Nebius Group shares plummeted by 10.09% to $85.33 on Friday, reflecting a broader market sell-off that affected technology stocks, with the Nasdaq down 0.85% and the Russell 2000 down 1.56%, indicating a bearish market sentiment.
- Analyst Rating Updates: Morgan Stanley initiated coverage on Nebius Group on January 15 with an equal-weight rating and a price target of $126, highlighting the company's aggressive scaling plans to connect 700MW of power by 2026, despite the current stock performance challenges.
- Earnings Report Expectations: Investors are looking forward to the upcoming earnings report on February 19, with an estimated EPS loss of 43 cents, an increase from a loss of 37 cents year-over-year, while revenue is expected to reach $240.50 million, a significant rise from $37.90 million YoY, indicating potential growth momentum for the company.
- Market Performance Assessment: Nebius Group's Benzinga Edge scorecard indicates a value rank of 3.75, suggesting the stock is trading at a premium relative to peers, while a momentum rank of 96.59 shows it is outperforming the broader market, despite facing short-term pressures.
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