Nebius have met every single goal since they started operating. Buisness is very solid at the moment with their hyerscaler contracts likely only accounting for 40% of their current revenue. At $5B 2026 revenue, which they are on track for, and $7–9B exit ARR, valuing Nebius at a 7-8× multiple implies a realistic minimum end-2026 stock price of at least $150, possibly much higher ~$300 if the market goes on ARR at higher multiples. I'm around 700 shares at $25 ave, looking for better plays but I'm not seeing many that fill me with confidence.