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French multinational banking and financial services company
BNP Paribas is a French multinational universal bank and financial services holding company headquartered in Paris. It was founded in 2000 from the merger of two of France's foremost financial institutions, Banque Nationale de Paris (BNP) and Paribas. It also incorporates many other major institutions through successive acquisitions, including Fortis Bank in Belgium, Direkt Anlage Bank in Germany, Banca Nazionale del Lavoro in Italy, Banque Générale du Luxembourg in Luxembourg, and Türk Ekonomi Bankası in Turkey.
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Nebius AI infrastructure growth surges with Q2 revenue up 454% and BNP Paribas boosting price target to $399 amid strong stock gains.
Nebius management could decide to split the stock following a big jump in the company's stock price this year.
Nebius stock surges 183% YTD as BNP Paribas raises price target to $399, citing 454% revenue growth and a $22B ARR projection by 2027.