NBIS could reach $10B EBIT in 2028, Jonah Lupton notes

NBIS could reach $10B EBIT in 2028, Jonah Lupton notes
NBIS valuation and EBIT forecast discussed

Jonah Lupton, Investor, Market Commentator, stated that NBIS might currently be trading at 2x its 2027 enterprise value to revenue and 1x its 2028 enterprise value to revenue multiples. He added that the company could achieve $10 billion of EBIT in 2028, implying the stock is now trading at 4x 2027 enterprise value to EBIT when accounting for its equity investments.

Lupton has previously highlighted SK Hynix’s $50 billion cash position and strong net income projections in connection with the company’s potential Solidigm IPO at over $150 billion valuation, as reported here. He also noted that Marvell raised its fiscal 2028 revenue forecast to $20 billion, citing expected growth in connectivity, according to a separate report here. These earlier assessments reflect Lupton’s ongoing focus on earnings outlook and valuation multiples across the sector.

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