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I'm upgrading Nebius Group N.V. to a buy, as a recent selloff creates an attractive entry point.

NBIS stands out with a clean balance sheet, strong customer prepayments, and disciplined capital structure versus highly leveraged peers.

Despite sector volatility and premium valuation (13.65x EV/Sales; 33.11x EV/EBITDA), NBIS justifies its multiple through rapid growth and a differentiated cloud offering.

I expect continued volatility but see NBIS as a likely survivor in the neocloud shakeout, unlike more leveraged competitors.

I hereon share my sentiment on NBIS and why I see more upside ahead.

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Nebius Group N.V. ( NBIS ) started the week the way it spent most of October: lower.…