Rosenblatt Starts Nebius Group Coverage With Buy Rating

Rosenblatt Securities initiated coverage on Nebius Group with a buy rating and a $304 price target. That target implies about 28.2% upside from the previous close. Nebius reported quarterly revenue of $582.3 million, up 454% year over year, while insiders sold roughly $39.8 million in stock over the past 90 days.

Rosenblatt Securities began covering Nebius Group with a buy call and a $304 target, about 28.2% above the prior close. The broader analyst view is moderate buy, with an average target of $245.69, based on two strong buys, twelve buys, six holds, and one sell.

Nebius posted $582.3 million in quarterly revenue, a 454% year-over-year jump that topped the $567.91 million consensus. Its per-share loss was $0.12, narrower than the expected $0.67 loss. Shares opened at $237.15 and later fell 5.1%. Insiders sold roughly $39.8 million over 90 days, including a CTO sale of 14,546 shares at an average $234.16.