Back to News
Mar 24, 2026 4:00 PM

Nebius Operating Margin Turns Positive In FY27: Analyst

On Monday, Nebius Group (NASDAQ:NBIS) closed its offering of convertible senior notes. The company has earlier estimated net proceeds of about $3.96 billion after discounts, commissions, and offering expenses.

Management plans to use the proceeds to fund data center construction and build-outs, invest in its full-stack AI cloud, expand its data center footprint, and procure key components, including GPUs, alongside general corporate purposes.

On Tuesday, Bank of America Securities analyst Tal Liani initiated coverage on the stock at a Buy rating and a price forecast of $150.

The analyst forecasts revenue growth of 501% in 2026, 199% in 2027, and 64% in 2028, with operating margins turning positive by FY27.

AI Infrastructure: A Rapidly Growing Market

The analyst notes that the AI ...