Latest news with #AndrewBeale
Yahoo
6 days ago
- Business
- Yahoo
Arete initiates CoreWeave and Nebius with preference for Nebius
As previously reported, Arete analyst Andrew Beale initiated coverage of CoreWeave (CRWV) with a Neutral rating and $130 price target. Coreweave and Nebius (NBIS) are neo clouds or artificial intelligence hyperscalers, building new generation GPU- rather than CPU-based cloud services, the analyst tells investors in a research note. The firm says that when including private companies, there are a couple of dozen competitors, with Coreweave having by far the most revenue. Both stocks seem likely to trade on how short of GPU compute investors think the world is, contends Arete. The firm prefers Nebius to Coreweave fundamentally, saying the stock's embedded neo cloud valuation is low. Coreweave is an AI trading stock for now, and it is hard to take a fundamental view given the 'limited free float,' adds Arete. Shares of Nebius are up 4%, or $1.46, to $40.85 in premarket trading while CoreWeave is down 5% to $155.72. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on CRWV: Disclaimer & DisclosureReport an Issue Notable open interest changes for June 5th Nebius rallies after Arete picks over CoreWeave on valuation CoreWeave initiated with a Neutral at Arete Closing Bell Movers: MongoDB jumps 14% on earnings beat and raise Nvidia Stock (NVDA) Takes Battle to DeepSeek as AI Chips Go Full Speed Ahead Sign in to access your portfolio
Business Insider
6 days ago
- Business
- Business Insider
Nebius Stock (NBIS) Surges 20% Following a $1B AI Funding Round
Nebius (NBIS) stock caught the attention of an analyst and investors on Thursday after the cloud computing and digital infrastructure services company secured $1 billion in convertible notes. The funds gained from this will be used to develop the company's artificial intelligence (AI) capabilities. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter In addition to this, Nebius recently named Marc Boroditsky as its new Chief Revenue Officer. The company expects his leadership experience to help it with global expansion plans. He helped Twilio (TWLO) sextuple its paying customers and increase revenue more than tenfold over a five-year period. All of this positive news resulted in updated analyst coverage of NBIS stock. Arete analyst Andrew Beale initiated coverage of the company with a Buy rating and an $84 price target, suggesting a 74.67% upside for the shares. The analyst also highlighted Nebius as his preferred pick over CoreWeave (CRWV), which he rated Neutral with a $130 price target, due to its relatively low valuation. NBIS Stock Movement Today All of the attention on Nebius stock has resulted in strong movement on Thursday. Shares of NBIS were up 19.95%, extending a 73.25% year-to-date rally. The company's stock has also soared 107.97% over the past 12 months. Retail traders have also taken note of NBIS stock today with heavy trading of the shares. This saw some 28.32 million units traded, compared to a three-month daily average of about 9.99 million. Is Nebius Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for Nebius is Strong Buy, based on three Buy ratings over the past three months. With that comes an average NBIS stock price target of $52.33, representing a potential 10.31% upside for the shares. This rating and price target don't include the new Arete coverage.
Yahoo
7 days ago
- Business
- Yahoo
Why Nebius Group Stock Soared Higher Today
One stock analyst sees more than 100% upside for Nebius Group shares. Nebius' revenue growth is strong and accelerating. The artificial intelligence (AI) cloud services provider has a large cash position and recently announced another $1 billion capital raise. 10 stocks we like better than Nebius Group › Shares of artificial intelligence (AI) cloud service provider Nebius Group (NASDAQ: NBIS) are surging today. The stock jumped after one independent equity research firm began coverage on the stock with a very bullish outlook. Nebius stock was trading higher by 19.5% as of 11:05 a.m. ET. London-based Arete Research analyst Andrew Beale began coverage of the stock with a "buy" rating and a price target that seems to have taken investors by surprise. Reports say Beale set $84 as his price target, which represents a 113% increase over Wednesday's closing price. The analyst sees that significant upside after the Netherlands-based Nebius recently reported first-quarter revenue growth of 385%. That was off a low base versus last year, but the company sees continued expansion at an accelerated rate. Beale's optimism stems from the nearly 700% increase in Nebius' annualized revenue run rate. Management expects to at least triple that annualized level of revenue by the fourth quarter of this year. Its AI cloud capabilities are in high demand, and Nebius reports a strong $1.44 billion cash position as of March 31. That cash will be needed for the continued investment in cloud infrastructure to continue to scale the business. Nebius also announced a $1 billion capital raise on June 2 from the sale of convertible notes. Nebius also has a partnership with AI leader Nvidia, offering the new Blackwell Ultra AI factory platform to businesses looking "to build the next generation of agentic, reasoning, and physical AI." Investors still need to consider the risks. In addition to its capital spending needs, Nebius seeks to achieve a goal of positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) later this year. That's one key metric investors should continue to monitor. That would instill more confidence in the stock and the company's ability to continue to achieve its high growth trajectory. Before you buy stock in Nebius Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nebius Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,538!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $869,841!* Now, it's worth noting Stock Advisor's total average return is 789% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Howard Smith has positions in Nebius Group and Nvidia. The Motley Fool has positions in and recommends Nebius Group and Nvidia. The Motley Fool has a disclosure policy. Why Nebius Group Stock Soared Higher Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
