Compass Point has initiated coverage on Nebius, trading under the ticker NBIS, with a “Buy” rating and a price target of $150. The company, which is headquartered in Amsterdam, specializes in providing a comprehensive artificial intelligence infrastructure, leveraging its graphics processing unit compute and software stack via a dedicated AI cloud platform. This pivot comes after a significant restructuring, following the suspension of trading for the former Nasdaq-listed Yandex N.V. in February 2022, and the successful divestiture of its Russia-based operations, valued at approximately $5.4 billion, which was completed between May and July 2024. This transition has allowed Nebius to emerge as a cleaner, internationally oriented company, retaining strong engineering heritage while focusing on an AI landscape that emphasizes distinct software capabilities and execution.
Compass Point initiates Buy rating on Nebius, PT $150
