Citigroup (C), one of the largest global investment banks, has sent a strong signal of confidence in Nebius Group by raising its price target to a new Street-high of $287 from $169, while keeping its “Buy” rating. This bold move comes just days after the company reported standout first-quarter 2026 results of $399 million, a huge 684% jump year-over-year (YOY).
Building on this momentum, hedge fund Situational Awareness, founded by former OpenAI researcher Leopold Aschenbrenner, recently disclosed a significant 5.6% passive stake in Nebius, consisting of approximately 12.41 million Class A shares. This position, valued at roughly $2.6 billion, is the fund’s largest single holding.
