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NBIS

Nebius Group N.V.

NASDAQ: NBIS · COMMUNICATION SERVICES · INTERNET CONTENT & INFORMATION

$141.19
+4.19% today

Updated 2026-04-29

Market cap
$35.72B
P/E ratio
1,283.55
P/S ratio
67.43x
EPS (TTM)
$0.11
Dividend yield
—
52W range
$23 – $169
Volume
16.4M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Nebius Group N.V. (NBIS) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$141.19
Consensus
$163.00
+15.45%
2030 Target
—
—
DCF
$188.18
+15.42% MoS
18 analysts:
9 Buy3 Hold0 Sell

Management guidance

No explicit CEO revenue targets found in available data. However, Nebius has secured $27B in committed Meta AI infrastructure deals (multi-year), $2B NVIDIA investment/partnership, and announced a $10B Finland AI data center project. These contracted commitments provide high-visibility revenue pipeline through 2028+. Company is targeting 3+ GW of contracted power capacity by end of 2026, implying substantial revenue acceleration.

Sources: Management guidance, analyst consensus, sector analysismedium confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$3,638.06
—
Base case (2030)
$2,264.03
—
Bear case (2030)
$1,358.42
—

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)
Revenue$0.0B$0.1B$0.5B$3.4B$10.0B$22.5B$48.0B
Revenue growth—462.2%350.9%548.0%191.0%125.0%113.0%
EPS$44.27$-38.90$-42.42$-2.75$-0.63$1.20$3.50
P/S ratio———12.0x12.0x12.0x12.0x
Implied price———$147.16$441.48$1,061.75$2,264.03

Catalysts & risks

Growth catalysts
+ Meta $27B AI infrastructure agreement (multi-year revenue visibility through 2032)
+ NVIDIA $2B investment + technology partnership (GPU supply secured, cloud services expansion)
+ $10B Finland AI data center build-out (310 MW Phase 1, targeting 3+ GW capacity, initial revenue 2027)
+ $4.3B convertible notes funding (capital for GPU procurement and data center expansion)
+ Nebius AI Cloud 3.5 launch (advanced serverless features, NVIDIA GPU integration)
+ European AI infrastructure consolidation play (competing against CoreWeave, positioning as leading EU cloud provider)
Key risks
- Extreme capital intensity and leverage ($4.89B debt vs $534M revenue = 9.2x debt-to-revenue; ongoing capex burn)
- Execution risk on $10B Finland data center and 3+ GW capacity targets (supply chain, power grid constraints)
- Intense competition from CoreWeave (larger revenue base), AWS, Azure, and hyperscaler-owned infrastructure
- High insider selling activity (Elena Bunina, Andrey Korolenko, CTO Danila Shtan all selling; suggests valuation concerns)
- Profitability pathway unclear (19% net margin on TTM, but massive capex and debt service create cash burn risk)
- Customer concentration risk (Meta represents outsized portion of near-term revenue; contract duration/renegotiation risk)
- Valuation stretched (P/S of 70x, P/E of 1400x, Forward P/E undefined due to EPS guidance being negative)
- Crypto/AI infrastructure demand cyclicality (market euphoria may not sustain pricing power)

Methodology

Nebius Group N.V.'s forward estimates are derived from AI-powered research synthesis combining analyst consensus from 18 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 25, 2026.