Nebius (NBIS) Stock: Eigen AI Acquired, Revenue Up 684%, Analysts Still Bullish

TLDR

• Nebius Group completed its acquisition of AI inference company Eigen AI on June 10, 2026, with financial terms undisclosed.
• Q1 revenue hit $399 million, up 684% year over year, beating the $375 million consensus estimate.
• The company reported a loss of ($0.23) per share, well ahead of the ($0.77) analyst estimate.
• NBIS opened at $260.07 on Tuesday, up over 415% in the past twelve months.
• Nine analysts rate the stock a Buy, with Citigroup setting the highest target at $287.

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Nebius Group (NBIS) officially closed its acquisition of Eigen AI on June 10, 2026, roughly six weeks after the deal was first announced on May 1. The Amsterdam-based AI cloud company confirmed the transaction in a press release Tuesday, following receipt of regulatory approvals. Financial terms were not disclosed.

Nebius Group N.V., NBIS

Eigen AI focuses on inference and model optimization — capabilities that slot directly into Nebius’s existing cloud infrastructure for AI development and deployment.

The news comes as Nebius continues to post eye-catching numbers. In Q1 2026, the company reported revenue of $399 million, up 684% compared to the same quarter last year. AI Cloud revenue alone reached $389.7 million, making up 98% of total revenue.

The quarterly loss came in at ($0.23) per share, beating the analyst consensus of ($0.77) by a wide margin.

NBIS opened at $260.07 on Tuesday. The stock has a 52-week range of $43.89 to $278.84, and has delivered a return of over 415% in the past year. Its 50-day moving average sits at $187.49, with the 200-day at $129.09.

Market cap currently stands at approximately $65.80 billion.

Analyst Targets Rising

Wall Street has taken notice. Citigroup raised its price target from $169 to $287 following the Q1 results, maintaining a Buy rating. Citizens JMP moved its target up from $175 to $270, also rating it Market Outperform. Morgan Stanley was more cautious, lifting its target from $126 to $144 with an Equal Weight rating.

Nine analysts currently have a Buy rating on the stock. Six have assigned a Hold. The average target price across coverage sits at $203.25, per MarketBeat data.

Compass Point earlier moved its target from $150 to $260, keeping a Buy rating.

Institutional interest is also growing. Millennium Management took a new position worth roughly $11.5 million in Q1. UBS Asset Management Americas added approximately $9 million. Royal Bank of Canada also initiated a new position, valued at $1.6 million. Institutional investors and hedge funds now own 21.90% of the stock.

Insider Selling Picks Up

On the insider front, CTO Danila Shtan sold 15,678 shares on June 4 at an average price of $238.96, reducing his position by 5.1%. The trade was executed under a pre-arranged Rule 10b5-1 plan.

Insider Andrey Korolenko sold 500,000 shares on May 13 at $203.24 per share, cutting his stake by 46.07%. Over the past three months, insiders have sold a combined 700,710 shares worth over $132 million.

Nebius also recently announced a 22-megawatt, 10-year agreement with Kao Data for infrastructure deployment at a UK data center campus, part of a broader £1.7 billion investment in Britain. The company also disclosed a 328 MW fuel cell partnership with Bloom Energy.

A 5.6% stake was acquired by Situational Awareness, an investment firm led by former OpenAI researcher Leopold Aschenbrenner.

Venture Visionary Partners LLC increased its position by 13% in Q4, adding 5,922 shares and bringing its total to 51,462 shares, valued at approximately $4.3 million.

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