Nebius Group N.V. · NBIS · FY2021 Q4 · Calendar Q1 2022
Yandex analysis points to growth with investment and execution risks
The supplied analysis supports a constructive growth case centered on advertising, mobility, e-commerce, and subscriptions, but the case depends on execution, competition, and disciplined cash burn.
Earnings scorecard
Reported versus consensusMarket reaction
unavailableAsk FN2 about NBIS FY2021 Q4
Transcript, numbers and history already loadedFree account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the supplied prior-quarter analysis, the current analysis describes 2021 revenue growth, stronger e-commerce scale, lower-than-guided e-commerce cash burn, and continued investment priorities; it does not provide a new reported-versus-consensus comparison.
Guidance delta
The supplied analysis says 2022 revenue guidance of RUB 490–500bn was maintained; no new guidance change is provided.
Key takeaways
- The supplied analysis describes strong 2021 growth in advertising, mobility, and e-commerce.
- E-commerce, subscriptions, logistics automation, and fintech were identified as 2022 priorities.
- Management planned continued investment while targeting tighter e-commerce economics.
Management priorities
- Expand and automate e-commerce fulfillment.
- Scale Market Express, categories, and Yandex.Plus benefits.
- Deploy Rovers internationally and continue selective expansion.
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Analyst 52W Price Targets
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 26, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Piper Sandler | Neutral | Neutral | Maintain | Oct 21, 2026 |
| BNP Paribas | Outperform | Neutral | Upgrade | Sep 24, 2026 |
| DA Davidson | Neutral | Neutral | Maintain | Aug 18, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 14, 2026 |
| Baird | Outperform | Outperform | Maintain | Aug 13, 2026 |
| Northland Capital Markets | Outperform | Outperform | Maintain | Jul 20, 2026 |
| Freedom Capital Markets | Buy | Hold | Upgrade | Jul 20, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jun 8, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | May 14, 2026 |
| Citizens | Market Outperform | Market Outperform | Maintain | May 14, 2026 |
| BWS Financial | Buy | Buy | Maintain | Mar 16, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Sep 17, 2025 |
Named analyst price targets
Upside is calculated against the persisted current price $158.74. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Piper Sandler | James Fish | $185 | $171.45 | +16.5% | Oct 21, 2026 |
| BNP Paribas | Analyst unavailable | $399 | $226.61 | +151.4% | Sep 24, 2026 |
| BTG Pactual | Analyst unavailable | $223 | $233.28 | +40.5% | Sep 21, 2026 |
| Truist Financial | Arvind Ramnani | $355 | $240.35 | +123.6% | Sep 9, 2026 |
| Goldman Sachs | Analyst unavailable | $328 | $220.64 | +106.6% | Aug 25, 2026 |
| Robert W. Baird | Rob Oliver | $340 | $259.2 | +114.2% | Aug 13, 2026 |
| D.A. Davidson | Gil Luria | $175 | $185.6 | +10.2% | Aug 7, 2026 |
| Piper Sandler | Analyst unavailable | $224 | $212.58 | +41.1% | Aug 3, 2026 |
| Robert W. Baird | Analyst unavailable | $250 | $216.92 | +57.5% | Jul 21, 2026 |
| Northland Securities | Analyst unavailable | $410 | $184.27 | +158.3% | Jul 20, 2026 |
| BNP Paribas | Analyst unavailable | $255 | $264.51 | +60.6% | Jun 2, 2026 |
| Northland Securities | Nehal Chokshi | $248 | $228.59 | +56.2% | May 14, 2026 |
| Morgan Stanley | Analyst unavailable | $144 | $221.65 | -9.3% | May 14, 2026 |
| D.A. Davidson | Analyst unavailable | $250 | $213.34 | +57.5% | May 13, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $129 | $136.33 | -18.7% | Apr 9, 2026 |
| D.A. Davidson | Alexander Platt | $200 | $130.54 | +26.0% | Mar 16, 2026 |
| Northland Securities | Nehal Chokshi | $232 | $99.29 | +46.2% | Feb 23, 2026 |
| Compass Point | Michael Donovan | $150 | $97.52 | -5.5% | Feb 18, 2026 |
| Morgan Stanley | Analyst unavailable | $126 | $101.98 | -20.6% | Jan 15, 2026 |
| JMP Securities | Analyst unavailable | $175 | $90.54 | +10.2% | Nov 19, 2025 |
| D.A. Davidson | Analyst unavailable | $125 | $93.39 | -21.3% | Sep 10, 2025 |
| New Street | Analyst unavailable | $130 | $95.72 | -18.1% | Sep 9, 2025 |
| Northland Securities | Nehal Chokshi | $77 | $71.08 | -51.5% | Aug 13, 2025 |
| D.A. Davidson | Analyst unavailable | $65 | $55.17 | -59.1% | Aug 5, 2025 |
| Goldman Sachs | Alexander Duval | $68 | $44.3 | -57.2% | Jul 14, 2025 |
| D.A. Davidson | Scale AI | $55 | $50.46 | -65.4% | Jun 16, 2025 |
| Northland Securities | Nehal Chokshi | $47 | $38.92 | -70.4% | May 21, 2025 |
| D.A. Davidson | Alexander Platt | $45 | $37.56 | -71.7% | May 19, 2025 |
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Start freeCompany context
Snapshot as of publicationNebius Group N.V. is a technology company dedicated to developing comprehensive infrastructure to serve the global artificial intelligence industry. Its operations encompass several key areas. Central to its mission is Nebius, an AI-focused cloud platform engineered to handle demanding AI workloads. This division constructs end-to-end AI infrastructure, featuring extensive GPU computing clusters, robust cloud platforms, and essential tools and services for developers.…
Historical context
All NBIS earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| INFY Infosys Limited | FY2027 Q2 · Calendar Q4 2026 | -4.8% | -6.6% | Infosys trims growth outlook as AI revenue and deal wins accelerate |
| SSNC SS&C Technologies Holdings, Inc. | FY2026 Q3 · Calendar Q4 2026 | +0.6% | +2.8% | SS&C raises 2026 outlook as AI and tokenization support growth |
| ROP Roper Technologies, Inc. | FY2026 Q3 · Calendar Q4 2026 | +1.7% | +9.7% | Roper raises DEPS outlook as AI adoption expands across portfolio |
| VRSN VeriSign, Inc. | FY2026 Q3 · Calendar Q4 2026 | -2.0% | -0.9% | VeriSign reports record registrations as renewal mix becomes a key watchpoint |
| TTMI TTM Technologies, Inc. | FY2026 Q3 · Calendar Q4 2026 | +16.8% | -27.7% | TTM Technologies Q3: Record Growth, Higher Investment, More Deal Risk |
| NOK Nokia Oyj | FY2026 Q3 · Calendar Q4 2026 | +25.0% | -14.8% | Nokia Q3: AI and cloud growth lifts margins as cash flow stays negative |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-11T06:39:45.180704+00:00
- Polygon adjusted daily market bars
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-26T03:00:40.468019+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-26. For educational purposes only; not investment advice.