Nebius Stock Surges: BNP Paribas Upgrades, Sees $22B ARR By 2027

Nebius Group N.V.’s stock surged 9% on Thursday and climbed 0.6% overnight as BNP Paribas upgraded the AI cloud infrastructure provider to ‘Outperform’ from ‘Neutral’ and sharply raised its price target.The research firm lifted its target on NBIS to $399 from $260, implying 64% upside, citing an im…