Nebius (NL) shares
Investment Thesis
NBIS presents a compelling value opportunity at $94.94, trading at under 2.8x forward P/S—a significant discount to neocloud peers despite 355% revenue growth and multi-billion dollar contracts with Microsoft and Meta. The recent 35% correction from $142 highs has created an asymmetric risk-reward entry point, with the stock now included in the Bloomberg 500 Index (effective March 12) likely to trigger passive fund inflows, while founder Volozh's renunciation of Russian citizenship removes geopolitical overhang that may have pressured valuation.
Why It May Work
Why It May Not Work
Timeline
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