Nebius Group (NBIS) Secures $19.4B Microsoft Deal, BWS Financial Raises Price Target

Nebius Group (NASDAQ:NBIS) ranks among the best fast growth stocks to buy now. Following Nebius Group (NASDAQ:NBIS) securing its first hyperscaler deal with Microsoft, worth up to $19.4 billion over five years, BWS Financial maintained its Buy rating and raised its price target on the company’s shares from $90 to $130 on September 9.

The Microsoft agreement, which would see the tech giant use almost all of NBIS’s New Jersey facility, is a major turning point for Nebius Group (NASDAQ:NBIS), according to BWS Financial.

The firm stated that once Nebius Group (NASDAQ:NBIS) grows to new sites across the US, this deal might open the door for other hyperscalers to consider the company as a potential collaborator.

Nebius Group (NASDAQ:NBIS) is a technology company that develops full-stack infrastructure for the global AI market in the Netherlands, Europe, North America, and Israel.

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Disclosure: None. This article is originally published at Insider Monkey.