Bank of America Provides Nebius Stock Price Target

Nebius stock (NASDAQ: NBIS) opened Thursday’s trading session at $218. The full-stack cloud company, which provides runtime for machine learning models for AI enterprises, delivered a robust Q2 performance. NBIS has surged nearly 143% year-to-date and has more than doubled investors’ money in just seven months. It reached a yearly high of $299 last month, but saw a 20% dip in July. Several traders are seeing this as a buying opportunity, while others are waiting for a dip below $200 to enter.

On the heels of the ongoing correction, Bank of America Securities has given a bullish price prediction for Nebius stock. BofA expects NBIS to surge by double digits and deliver profits to investors. Taking an entry position now, even at $218, could be beneficial for traders. Also, waiting on the dips and accumulating it below $200 could open up the window for better gains. This makes NBIS a must-watch equity as the upside potential is immense.

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