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

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 - Get Free Report) had its price objective boosted by BWS Financial from $80.00 to $90.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. BWS Financial's target price points to a potential upside of 29.67% from the stock's previous close.

Several other equities analysts have also commented on NBIS. Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. The Goldman Sachs Group began coverage on shares of Nebius Group in a research note on Monday, July 14th. They issued a "buy" rating and a $68.00 price target on the stock. DA Davidson increased their price objective on Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, Northland Securities set a $47.00 target price on Nebius Group and gave the stock an "outperform" rating in a report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $70.80.

Nebius Group Trading Up 6.3%

NBIS traded up $4.10 on Friday, hitting $69.41. 15,445,936 shares of the company's stock were exchanged, compared to its average volume of 12,866,455. The stock has a fifty day moving average of $49.88 and a two-hundred day moving average of $37.10. Nebius Group has a twelve month low of $14.09 and a twelve month high of $71.49. The firm has a market cap of $16.36 billion, a PE ratio of -121.36 and a beta of 3.36.

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 posted ($0.25) EPS. The company's revenue for the quarter was up 385 on a year-over-year basis. On average, analysts predict that Nebius Group will post -1.1 EPS for the current year.

Institutional Investors Weigh In On Nebius Group

Large investors have recently made changes to their positions in the company. IFP Advisors Inc bought a new position in shares of Nebius Group in the 1st quarter valued at approximately $25,000. Signaturefd LLC increased its stake in Nebius Group by 125.0% in the second quarter. Signaturefd LLC now owns 450 shares of the company's stock valued at $25,000 after acquiring an additional 250 shares during the period. SJS Investment Consulting Inc. acquired a new position in shares of Nebius Group in the 2nd quarter worth approximately $31,000. First Horizon Advisors Inc. bought a new position in shares of Nebius Group during the first quarter valued at $33,000. Finally, Banque Cantonale Vaudoise acquired a new position in Nebius Group in the first quarter valued at about $33,000. 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.

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