Nebius Group (NASDAQ:NBIS) Price Target Raised to $90.00 at BWS Financial

Key Points

• BWS Financial has raised the price target for Nebius Group (NASDAQ:NBIS) from $80.00 to $90.00, indicating a potential upside of 29.67% from the stock's previous close.
• Analysts have rated Nebius Group with five buy ratings, two strong buy ratings, and one sell rating, with an average price target of $70.80.
• Nebius Group's stock has recently seen an increase of 6.3%, trading at $69.41, with significant trading volume of over 15 million shares.

Nebius Group (NASDAQ:NBIS - Free Report) had its target price raised by BWS Financial from $80.00 to $90.00 in a research report released on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the company. Arete initiated coverage on Nebius Group in a research note on Thursday, June 5th. They set a "buy" rating and a $84.00 price objective on the stock. The Goldman Sachs Group assumed coverage on Nebius Group in a report on Monday, July 14th. They issued a "buy" rating and a $68.00 price objective for the company. Wall Street Zen downgraded Nebius Group from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. DA Davidson boosted their price target on Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, Northland Capmk raised Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $70.80.

Nebius Group Trading Up 2.1%

NASDAQ:NBIS traded up $1.46 on Friday, reaching $70.24. 21,505,566 shares of the company's stock were exchanged, compared to its average volume of 13,734,712. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $16.56 billion, a price-to-earnings ratio of -123.23 and a beta of 3.36. The business has a fifty day moving average of $51.21 and a 200-day moving average of $37.49. Nebius Group has a 52-week low of $14.09 and a 52-week high of $75.96.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The company reported ($0.48) earnings per share (EPS) for the quarter. The company had revenue of $55.30 million during the quarter. During the same period in the prior year, the business earned ($0.25) earnings per share. Nebius Group's quarterly revenue was up 385 on a year-over-year basis. As a group, analysts expect that Nebius Group will post -1.1 earnings per share for the current year.

Institutional Trading of Nebius Group

Several institutional investors have recently modified their holdings of the company. Signaturefd LLC boosted its position in shares of Nebius Group by 125.0% in the 2nd quarter. Signaturefd LLC now owns 450 shares of the company's stock valued at $25,000 after purchasing an additional 250 shares during the period. SJS Investment Consulting Inc. acquired a new position in Nebius Group during the second quarter valued at $31,000. Assetmark Inc. increased its position in Nebius Group by 102.0% in the 2nd quarter. Assetmark Inc. now owns 602 shares of the company's stock worth $33,000 after purchasing an additional 304 shares during the last quarter. LRI Investments LLC increased its position in Nebius Group by 85.4% in the 2nd quarter. LRI Investments LLC now owns 673 shares of the company's stock worth $37,000 after purchasing an additional 310 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in Nebius Group in the 2nd quarter worth about $40,000. 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.