
DA Davidson, Citizens Lift Nebius Targets After 684% Revenue Quarter

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Nebius Group's stock rose 1.85% in premarket trading after DA Davidson raised its price target to $250 and Citizens to $270, both maintaining positive ratings. The company reported Q1 revenue of $399 million, a 684% increase year-over-year, and adjusted EBITDA of $129.5 million. Annualized recurring revenue reached $1.9 billion, and contracted power guidance was raised to 4 gigawatts. Nebius also announced a $27 billion contract with Meta Platforms and reaffirmed its full-year revenue guidance of $3 billion to $3.4 billion.
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