Nebius Group (NYSE:NBIS) is trading higher on Thursday as traders react to upbeat post-earnings revisions and a risk-on tape for tech. Analysts also boosted price targets after the company’s first-quarter update.
• Nebius Group stock is challenging resistance. Why is NBIS stock breaking out?
Earnings Snapshot
Nebius reported first-quarter 2026 results on Wednesday. The company posted an adjusted loss per share of 33 cents on revenue of $399 million, up 684% from a year earlier.
Nebius said its AI cloud business generated $389.7 million in quarterly revenue, up 841% from the prior year. Annualized run-rate revenue climbed to $1.92 billion at the end of March, up 674% year over year.
Pipeline generation increased about 3.5 times quarter over quarter in the first quarter. The company also disclosed a second long-term agreement with Meta Platforms Inc. (NASDAQ:META) valued at up to $27 billion over five years.
The company reiterated its 2026 revenue outlook at $3 billion-$3.4 billion and sees an annualized run-rate revenue of $7 billion–$9 billion.
Analyst Consensus & Recent Actions: The stock carries a Buy rating with a consensus price …