Nebius stock target raised to $287 by Citi

What happened: Citigroup raised its price target for Nebius Group (NBIS) stock to a new Street-high of $287, from $169, maintaining a "Buy" rating. This follows Nebius' strong first-quarter 2026 results. Analysts cite Nebius' robust data center pipeline, software-centric solutions, and exponential revenue growth as key drivers.

Market impact: The bullish sentiment from a major global investment bank like Citigroup can influence other investors, potentially driving up Nebius' stock price. This could benefit other data center operators and technology companies perceived to have similar growth prospects.

What to watch next: Nebius' next earnings report, scheduled for Q2 2026, will provide further insight into the company's growth trajectory. Additionally, any strategic partnerships or acquisitions Nebius announces could signal its growth strategy and impact its stock valuation.