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Nebius (NBIS) fell 23% this month, but Arete Research expects 96% upside to $415 target
AI cloud infrastructure operator Nebius (NBIS) saw its stock drop 23% this month. However, Arete Research raised its price target to $415 from $380, implying a 96% upside over the next twelve months. The company reported Q2 revenue surged 454% year-over-year to $582 million, beating consensus, and holds $40 billion in contracted backlog.
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