---
title: "DA Davidson, Citizens Lift Nebius Targets After 684% Revenue Quarter"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286480505.md"
description: "Nebius Group's stock rose 1.85% in premarket trading after DA Davidson raised its price target to $250 and Citizens to $270, both maintaining positive ratings. The company reported Q1 revenue of $399 million, a 684% increase year-over-year, and adjusted EBITDA of $129.5 million. Annualized recurring revenue reached $1.9 billion, and contracted power guidance was raised to 4 gigawatts. Nebius also announced a $27 billion contract with Meta Platforms and reaffirmed its full-year revenue guidance of $3 billion to $3.4 billion."
datetime: "2026-05-14T23:29:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286480505.md)
  - [en](https://longbridge.com/en/news/286480505.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286480505.md)
---

# DA Davidson, Citizens Lift Nebius Targets After 684% Revenue Quarter

Nebius Group rose 1.85% in premarket trading after DA Davidson raised its price target to $250 from $200, maintaining a Buy rating. At the same time, Citizens lifted its target to $270 from $175, maintaining a Market Outperform. Citizens pointed to hyper-growth characteristics and a 4-gigawatt capacity trajectory it says positions Nebius to match CoreWeave .

Revenue in Q1 reached $399 million, up 684% year-over-year and 75% from Q4. Adjusted EBITDA swung to $129.5 million from a $53.7 million loss a year earlier, with Nebius AI margins expanding to 45% from 24% in Q4. Annualized recurring revenue closed the quarter at $1.9 billion, up more than 50% from $1.25 billion in December. Contracted power guidance was raised to 4 gigawatts from 3 gigawatts, the fourth consecutive quarterly increase.

Nebius also disclosed a $27 billion, five-year capacity contract with Meta Platforms , comprising $12 billion in dedicated compute and a $15 billion option at Nebius's discretion. Management reaffirmed full-year guidance of $3 billion to $3.4 billion in revenue and an adjusted EBITDA margin of around 40%. DA Davidson believes a new large-scale deal is likely in the near to medium term, with 5 gigawatts of active power by 2030 as the longer-horizon target.

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