Futurum Equities Chief Market Strategist Shay Boloor identified $150 per share as a target entry level for Nebius Group NV (NASDAQ:NBIS), about 29.31% lower than the current level, citing its conversion of power capacity into cloud revenue.
Software Moat and Capacity Pipeline
In The Deep End podcast on Sept. 14, Boloor noted the central thesis for Nebius relies on whether its software can turn an “insane capacity pipeline” into real revenue. Co-host Brad Freeman agreed Nebius stands out due to its software hypervisor layer and a sovereign AI partnership with Palantir Technologies Inc. (NASDAQ:PLTR).
Nebius generates roughly 98% of its revenue from its AI cloud platform. Short-term compute capacity pricing has exceeded $40 million per megawatt, while medium-term contract rates expanded from $10 million to over $20 million per megawatt. Customer prepayments cover about 50% of associated capital spending.
Boloor disclosed Nebius as a top 10 family portfolio holding. “If it goes below 150 that is my pounding the table level,” Boloor stated. He expects the stock to trade at a commodity multiple until achieving EBIT profitability or operating profit by early 2028.
Financial and Balance Sheet Data
Financial data reflects this operational expansion. According to Macrotrends and Benzinga Pro data, Nebius generated $582.30 million in revenue for the quarter ending June 30, 2026, marking a 454.04% year-over-year increase. Trailing twelve-month revenue reached $1.355 billion, representing a 511.51% increase year-over-year, following 2025 annual revenue of $0.53 billion, up 479.02% from 2024.
The company recorded a quarterly net loss of $190.40 million (-$0.68 EPS) alongside a 77.10% gross margin. Nebius holds $8.042 billion in cash against $8.499 billion in long-term debt, with total assets of $27.962 billion.
Shares trade with a forward price-to-equity ratio of 44.64, a price-to-sales ratio of 43.35, and an EV/EBITDA ratio of 51.75. The stock has 249.519 million shares outstanding and a short float of 21.19%.
How Has NBIS Performed in 2026?
Price Action: At the last check, the NBIS stock was trading 0.25% higher in overnight trading. It was up 153.50% year-to-date, rising by 134.70% over the last year, and up 87.86% over the last six months. It closed 5.50% lower at $212.19 per share on Monday.
Benzinga’s Edge Stock Rankings indicate that NBIS maintains a weak price trend in the short and medium terms but a strong trend in the long term, with a poor value score.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Hryshchyshen Serhii / Shutterstock
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