Nebius 2030 Price Target: $1,550 a Share (Full Valuation Model)

$NBIS 2030 Price Target Breakdown Full bottom-up valuation model for Nebius through 2030. Capacity scales from 905 MW to 5,200 MW. Revenue mix shifts from 50/50 hyperscaler/AI Cloud to roughly 77% AI Cloud. Revenue per megawatt climbs from $10M to $16M. EBITDA margin expands from 40% to 50%. Cumulative capex runs about $130 billion, funded mostly by prepayments and operating cash flow. Applying forward multiples across three methods lands the base case 2030 price target around $1,550 a share. Follow: @InvestNorthwise This is not financial advice (NFA). Just my thoughts and analysis. Follow me on X: @Endicottinvests