Nebius shares jump after BNP Paribas raises target to $399
Nebius Group stock rose nearly 8% on Monday after BNP Paribas lifted its price target to $399 and upgraded the rating to Outperform, reflecting the company’s strong revenue.
Key points
- Nebius shares climbed 7.98% on Oct. 19 after BNP Paribas raised its target to $399.
- The rating was upgraded to Outperform.
- Nebius reported revenue of about $529.8 million.
- The stock had fallen to $165.47 by Oct. 16 before rebounding.
- Pre‑market price was in the high‑$170s on Oct. 19.
On Monday, October 19, 2026, Nebius Group N.V. stock (NASDAQ: NBIS) was trading up by 7.98 percent.
That same day, BNP Paribas Exane raised its price target for Nebius from $260 to $399 and upgraded the rating to Outperform.
Following the upgrade, Nebius shares climbed approximately 9 percent intraday, trading between $246 and $249.
Nebius Group reported revenue of about $529.8 million.
Prior to the October 19 move, the stock had fallen from the mid‑$240s in September to around $165.47 by October 16.
In pre‑market trading on October 19, NBIS was quoted in the high‑$170s.
Your questions, answered
What caused Nebius shares to rise on Oct. 19?
BNP Paribas raised its price target to $399 and upgraded the rating to Outperform, leading to a 7.98% rise.
What was Nebius Group’s revenue?
Nebius Group reported revenue of about $529.8 million.
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