Nebius Group NV (NYSE:NBIS) reported strong first-quarter 2026 results on Wednesday.



The Amsterdam-based company reported adjusted loss per share of 33 cents for the quarter ended March 31. The figure may not be comparable to analyst estimates for a 77-cent loss. Revenue jumped 684% year over year to $399 million from $50.9 million a year earlier.



Nebius reiterated its expectation to generate between $3 billion and $3.4 billion in 2026 revenue and forecast annualized run-rate revenue of $7 billion to $9 billion.



Nebius shares gained 8.4% to trade at $224.73 on Thursday.



These analysts made changes to their price targets on Nebius following earnings announcement.



<ul>
<li>DA Davidson analyst Alex Platt maintained the stock with a Buy and raised the price target from $200 to $250.</li>



<li>Citizens analyst Greg P. Miller maintained the stock with a Market Outperform and raised the price target from $175 to $270.</li>
</ul>



Considering buying NBIS stock? Here’s what analysts think: 



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Photo via Shutterstock

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Data center stocks CoreWeave and Iren have already reported earnings, with NBIS set to take center stage this Wednesday. The sector has been strong since the beginning of the year! Which side are you on in this sector?1️⃣ The Trading Proponent – ​​How did you trade before and after the earnings reports? Share your actual holdings and entry/exit points, along with your judgment, for a higher chance of winning!2️⃣ The In-Depth Proponent – ​​Is Neocloud truly the sharpest shovel for AI? Write your independent analysis of CRWV/IREN/NBIS or the entire sector. Your opinions will earn you a chance!Reward Rules:🥇 Excellent Content Award: Up to HKD 10 stock voucher per person☀️ General Award: 88 Task Coins per personWinning entries will be selected through comprehensive evaluation. Entries must be well-reasoned, supported by evidence, and demonstrate independent judgment. Purely AI-generated content will not be accepted. No limit on the number of winners!The event ends at 24:00 on May 14th. Prizes will be distributed within 15 business days after the event ends. Changqiao reserves the right to interpret these terms and conditions.

📢Giveaway Event Data center stocks CoreWeave and Iren have already reported earnings, with NBIS set to take center stage this Wednesday. The sector has been strong since the beginning of the year! Which side are you on in this sector?1️⃣ The Trading Proponent – ​​How did you trade before and after the earnings reports? Share your actual holdings and entry/exit points, along with your judgment, for a higher chance of winning!2️⃣ The In-Depth Proponent – ​​Is Neocloud truly the sharpest shovel for AI? Write your independent analysis of CRWV/IREN/NBIS or the entire sector. Your opinions will earn you a chance!Reward Rules:🥇 Excellent Content Award: Up to HKD 10 stock voucher per person☀️ General Award: 88 Task Coins per personWinning entries will be selected through comprehensive evaluation. Entries must be well-reasoned, supported by evidence, and demonstrate independent judgment. Purely AI-generated content will not be accepted. No limit on the number of winners!The event ends at 24:00 on May 14th. Prizes will be distributed within 15 business days after the event ends. Changqiao reserves the right to interpret these terms and conditions.

Data center earnings season: Who is the true leader?

NBIS

Nebius Group NV (NBIS) reported strong Q1 2026 results with an adjusted loss of 33 cents per share and revenue soaring 684% to $399 million. Analysts have raised their price targets following the earnings announcement, with DA Davidson increasing its target from $200 to $250 and Citizens raising it from $175 to $270. Nebius expects to generate between $3 billion and $3.4 billion in revenue for 2026, and shares rose 8.4% to $224.73.

Nebius Group Analysts Increase Their Forecasts Following Q1 Earnings