Nebius has had one of the more remarkable runs of any stock in the AI infrastructure space. Up more than 110% year to date and roughly 600% over the past year, the company is heading into its Q1 2026 earnings report on May 13 with enormous expectations built in.

Bank of America just made those expectations a little higher.

BofA raises Nebius stock target ahead of Q1 earnings

Bank of America raised its price target on Nebius Group to $205 from $175 on May 11, maintaining a buy rating, according to TipRanks. The note was published ahead of the company’s Q1 results, due before the market open on May 13, with the earnings call scheduled for 8 a.m. EST.

In its Q1 preview, BofA highlighted two specific areas it wants…