BWS Financial Issues Positive Forecast for Nebius Group (NASDAQ:NBIS) Stock Price

Nebius Group (NASDAQ:NBIS - Get Free Report) had its target price raised by BWS Financial from $60.00 to $80.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. BWS Financial's price target would indicate a potential upside of 58.20% from the stock's current price.

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

Nebius Group Stock Down 3.7%

Shares of NBIS stock traded down $1.94 on Tuesday, hitting $50.57. The company had a trading volume of 14,376,016 shares, compared to its average volume of 11,188,537. The firm has a market cap of $11.92 billion, a P/E ratio of -88.72 and a beta of 3.25. The company has a 50-day moving average price of $30.99 and a 200-day moving average price of $31.15. Nebius Group has a twelve month low of $14.09 and a twelve month high of $55.04.

Institutional Investors Weigh In On Nebius Group

Large investors have recently bought and sold shares of the company. IFP Advisors Inc purchased a new stake in Nebius Group during the 1st quarter worth approximately $25,000. First Horizon Advisors Inc. purchased a new stake in Nebius Group during the 1st quarter worth approximately $33,000. Banque Cantonale Vaudoise purchased a new stake in Nebius Group during the 1st quarter worth approximately $33,000. Manchester Capital Management LLC purchased a new stake in Nebius Group during the 1st quarter worth approximately $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in Nebius Group during the 1st quarter worth approximately $36,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

About Nebius Group

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.