NBIS Truist We are initiating coverage of Nebius with a Buy rating and $355 PT. We view Nebius as an opportunity to invest in a scaling AI-n
NBIS Truist We are initiating coverage of Nebius with a Buy rating and $355 PT. We view Nebius as an opportunity to invest in a scaling AI-native hyperscaler still building out its infrastructure. We believe consensus forecasts for 2027E ARR are conservative given recent pricing ($20-25M/MW for 1-3 year deals, $40-50M/