After ripping higher last week, shares of Nebius Group (NBIS 1.50%) continued their rise over this past week. Shares of the artificial intelligence (AI) infrastructure company popped up on investors' buy lists after the stock received favorable analyst attention.
According to data from S&P Global Market Intelligence, Nebius Group stock climbed 8.8% from the close of trading last Friday through today's close.
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The week began with a bang
Starting the week on an auspicious note, Nebius stock ended Monday's session at $154.56, up 6.6% from its closing price last Friday.
NASDAQ: NBIS
Key Data Points
Evidently, investors were motivated to click the buy button on Nebius stock after Bank of America analyst Tal Liani hiked the price target to $175 from $150. Based on the stock's previous day's closing price, Liani's new price target implied an upside of more than 13%.
According to Thefly.com, Liani based the more optimistic price target on the recognition that hyperscalers are inking significant contracts and the company is benefiting from ongoing data center expansion, such as its announcement of plans to construct a new data center in Finland.
Take the new price target with a grain of salt
While some investors were singularly focused on Bank of America's higher price target, it's essential to recognize that Freedom Capital took a more measured stance on Nebius stock Monday, downgrading it to hold from buy, while raising the price target to $154 from $108.
The varying outlooks on Nebius stock are worth noting, but they're a strong reminder that analysts' opinions can vary tremendously. Investors interested in AI stocks would be much better served by seeing what the company says when it reports first-quarter 2026 financial results in the coming weeks.
