BNP Paribas Upgrades Nebius Group N.V. to Outperform from Neutral
Fintel reports that on September 24, 2026, BNP Paribas upgraded their outlook for Nebius Group N.V. (NASDAQGS:NBIS) (XTRA:YDX) from Neutral to Outperform. BNP Paribas had initiated coverage on June 2, 2026 with a Neutral rating. On September 23, 2026, the pre-action close was $226.61; on September 24, 2026, the latest close was $243.44.
One-week change: +11.67% from a baseline close of $217.99 on September 17, 2026. One-month change: +15.42% from a baseline close of $210.91 on August 24, 2026. Other recent analyst actions: Rothschild & Co initiated coverage with a Sell rating on September 21, 2026, and Truist Securities initiated coverage with a Buy rating on September 9, 2026.
As of September 15, 2026, the consensus target mean was $289.19 and the median target was $306.00, an implied change of +18.80%. Recommendation counts (September 1, 2026): 7 strong buy, 11 buy, 7 hold (25 total) — 72.0% positive, 28.0% hold. Prior period (August 1, 2026): 7 strong buy, 11 buy, 6 hold (24 total) — 75.0% positive, 25.0% hold.
Nebius Group N.V. reported latest earnings on August 12, 2026: actual EPS -0.12 versus estimated EPS -0.6358; actual revenue $582,300,000.00 versus estimated revenue $584,202,307.00. Upcoming earnings date: October 22, 2026. Form EX-99.2 filing dated August 12, 2026 stated the majority of deals were signed against capacity arriving in late 2026, contributing primarily to 2027 revenue, and that the company conducted its first capacity auction pilot, securing its highest price for NVIDIA Blackwell chips to date. A Form EX-99.1 filing dated August 24, 2026 announced the closing of a private offering of convertible senior notes with aggregate gross proceeds of approximately $5.75 billion.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 24, 2026 | BNP Paribas | Neutral | Outperform | upgrade |
| September 21, 2026 | Rothschild & Co | Sell | initiated coverage | |
| September 9, 2026 | Truist Securities | Buy | initiated coverage |
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