Shares of Nebius (NBIS) are surging 7.49% in pre-market trading on Monday, following a bullish analyst report from Goldman Sachs. The stock's sharp uptick comes after Goldman Sachs analyst Alexander Duval reaffirmed his Buy rating on the company and set an impressive price target of $77.00.
The reiteration of the Buy rating by a prominent Wall Street firm like Goldman Sachs has clearly bolstered investor confidence in Nebius. The $77.00 price target suggests significant upside potential, which is likely driving the pre-market rally as investors position themselves ahead of the regular trading session.
This positive analyst coverage could signal strong fundamentals and growth prospects for Nebius, potentially attracting more investors and further momentum in the stock. As the market opens, all eyes will be on NBIS to see if it can maintain this upward trajectory throughout the trading day.