Nebius Group (NASDAQ:NBIS) Given New $80.00 Price Target at BWS Financial

Nebius Group (NASDAQ:NBIS - Get Free Report) had its target price lifted by investment analysts at BWS Financial from $60.00 to $80.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. BWS Financial's price target would suggest a potential upside of 69.74% from the company's previous close.

NBIS has been the topic of a number of other research reports. Arete Research upgraded Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Northland Capmk upgraded Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. DA Davidson set a $45.00 target price on Nebius Group and gave the company a "buy" rating in a report on Monday, May 19th. Northland Securities set a $47.00 price objective on Nebius Group and gave the stock an "outperform" rating in a report on Wednesday, May 21st. Finally, Arete initiated coverage on Nebius Group in a report on Thursday, June 5th. They issued a "buy" rating and a $84.00 price objective on the stock. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $64.00.

Nebius Group Stock Down 6.3%

Shares of NBIS traded down $3.15 during trading hours on Tuesday, reaching $47.13. The company's stock had a trading volume of 14,295,130 shares, compared to its average volume of 11,216,523. The firm has a market cap of $11.11 billion, a price-to-earnings ratio of -82.68 and a beta of 3.25. Nebius Group has a 1-year low of $14.09 and a 1-year high of $55.04. The company has a 50 day moving average of $32.12 and a two-hundred day moving average of $31.51.

Hedge Funds Weigh In On Nebius Group

Hedge funds have recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC acquired a new position in Nebius Group in the first quarter worth approximately $453,000. Centaurus Financial Inc. acquired a new position in Nebius Group in the fourth quarter worth approximately $9,505,000. Intellectus Partners LLC bought a new stake in Nebius Group during the first quarter worth approximately $570,000. West Oak Capital LLC bought a new stake in Nebius Group during the first quarter worth approximately $501,000. Finally, TB Alternative Assets Ltd. bought a new stake in Nebius Group during the first quarter worth approximately $2,957,000. Institutional investors and hedge funds own 21.90% of the company's stock.

Nebius Group Company Profile

Nebius Group N.V., a technology company, builds intelligent products and services powered by machine learning and other technologies to help consumers and businesses navigate the online and offline world. The company's services include Nebius AI, an AI-centric cloud platform that offers infrastructure and computing capability for AI deployment and machine-learning oriented solutions; and Toloka AI that offers generative AI (GenAI) solutions at every stage of the GenAI lifecycle, such as data annotation and generation, model training and fine-tuning, and quality assessment of large language model for accuracy and reliability.