Core Viewpoint - BWS Financial has raised its price target for Nebius Group to $200 from $130, maintaining a Buy rating, following a significant new contract with Meta Platforms valued at $12 billion, with potential expansion up to $15 billion [1] Group 1: Contract Details - Nebius secured one of the largest contracts ever awarded by Meta, which is set to commence in early 2027 [1] - The new contract significantly exceeds the previous agreement with Meta, which was valued at approximately $3 billion and is now considered a preliminary engagement [2] Group 2: Infrastructure and Capacity - Since the initial agreement with Meta, Nebius has expanded its infrastructure capacity to 170 megawatts of active capacity by the end of 2025 and approximately 2 gigawatts of contracted power [2] Group 3: Growth Outlook - The new contract enhances Nebius's growth outlook and supports its goal of achieving annualized recurring revenue of $7 billion to $9 billion by the end of 2026 [3] - BWS believes Nebius is well positioned to execute its long-term expansion strategy [3]