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Freedom Capital Upgrades NBIS to Buy After 40% Slump, Eyes $200 Price Target

2026-07-20 12:07:42

NBIS16.99%

According to Freedom Capital, the firm upgraded Nebius (NBIS) to 'Buy' on Monday, lifting its price target to $200 from $159, noting the stock has fallen more than 40% from its June 22 all-time high of $299.86. The analyst argues that "enough risk has been squeezed out" and expects strong long-term growth despite prior valuation concerns. Last week, Nebius secured a $775 million senior secured debt facility to accelerate global expansion of its AI cloud platform.

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