Will Nebius Group Stock Hit $276 by Year-End 2026?

The AI Infrastructure Play That’s Already Up 28% This Year

Nebius Group (NASDAQ: NBIS) kicked off 2026 on fire, with shares climbing approximately 28% in just the opening weeks. After nearly tripling in 2025, this next-generation cloud infrastructure provider continues to attract serious investor attention. The company delivers comprehensive AI infrastructure solutions—from GPU-powered data centers to software platforms—enabling enterprises to build, train, and scale artificial intelligence applications across healthcare, media, robotics, and beyond.

The million-dollar question: Can Nebius stock maintain this trajectory, or has it already priced in too much upside?

Why the Market Is Willing to Pay a Premium

Yes, Nebius Group is trading at an eye-watering price-to-sales ratio of 65—roughly 7x higher than the typical U.S. tech sector average of 9. But before dismissing this valuation as overheated, consider the demand dynamics at play.

The company’s fundamentals paint a different picture. In the first nine months of 2025, revenue exploded 437% year-over-year to $302 million. Equally impressive: adjusted net losses contracted by 61% during the same window. This isn’t just growth—it’s accelerating profitability.

Why the breakneck expansion? Dedicated AI data center capacity is in acute shortage. Goldman Sachs projects a 9-gigawatt supply deficit in U.S. data centers during 2026, meaning demand will substantially outpace available infrastructure. Nebius has already sold through its entire current capacity and is planning to boost connected data center power by 4x to 5x this year.

The 2026 Revenue Forecast Could Stun Investors

Consensus Wall Street expectations peg Nebius Group’s 2026 revenue at $3.45 billion—a staggering 521% jump from 2025 levels. If the stock traded at just 20 times sales (a massive discount from its current multiple), the company’s market cap could balloon to $69 billion.

Do the math: that implies a stock price near $276 per share by year-end—a potential 155% gain from current levels.

More conservatively, the 12-month analyst price target averages $155 across 10 coverage reports, suggesting 44% upside potential from where Nebius stock trades today.

The Bottom Line

Nebius Group’s valuation is legitimately premium, but the underlying growth thesis—booming AI adoption, constrained data center supply, and signed contracts waiting to be fulfilled—provides tangible support. Whether the stock reaches Wall Street’s $155 target or ventures toward $276 will depend on execution and whether the broader AI infrastructure boom sustains its current momentum.