· 个股论点
涉及标的： $NBIS
首先，它在94美元的价格下被极度低估。除非第一季度出现大量数据中心烧毁的情况，否则当前的股价才显得合理。 然而，若要符合我400美元的目标价，$NBIS 需要严格执行当前的指引，例如向2.5 GW产能迈进，实现1 GW产能并网，以及达成营收预测。 我们预计 $NBIS 在2026年第四季度的单季营收将达到21亿美元，这种增长简直令人难以置信。 市场已经计入了远期增长，但关键在于它计入了多远的未来。 对于Nebius而言，市场就像蒙着双眼。如果市场认真对待2026年的预测，股价现在轻松就能交易在140美元以上。
For starters it's incredibly undervalued at $94. Q1 would need to have many DCs burn down for it to justify current prices. However, for it to be in line with my $400 PT, $NBIS needs to be executing current guidance eg.moving toward 2.5 GW capacity, 1GW capacity connected, revenue projections. We're expecting $2.1B/quarter 2026 Q4 for $NBIS which is absolutely mindblowing growth. Market prices in forward growth, but it's more of how long in the future it prices in. For Nebius, it's like it's wearing blindfolds. Stock should be easily trading $140+ right now if markets take 2026 projections seriously.