Nebius Group (NASDAQ:NBIS) Stock Price Expected to Rise, BWS Financial Analyst Says

Key Points

• BWS Financial has increased its target price for Nebius Group (NASDAQ:NBIS) from $90.00 to $130.00, indicating a potential upside of 49.40% from the stock's previous close.
• Nebius Group recently reported an EPS of ($0.44), missing the consensus estimate, with revenues of $47.60 million compared to the expected $95.60 million.
• Several analysts have given mixed ratings for Nebius Group, with two strong buy ratings, five buy ratings, and an average target price of $80.80.

Nebius Group (NASDAQ:NBIS - Get Free Report) had its price objective boosted by equities researchers at BWS Financial from $90.00 to $130.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. BWS Financial's price objective would suggest a potential upside of 43.79% from the stock's current price.

Several other research firms have also recently commented on NBIS. DA Davidson restated a "buy" rating and set a $75.00 price target on shares of Nebius Group in a research note on Tuesday. The Goldman Sachs Group began coverage on Nebius Group in a research note on Monday, July 14th. They set a "buy" rating and a $68.00 price target for the company. Arete Research upgraded Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. 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 assumed coverage on Nebius Group in a report on Thursday, June 5th. They set a "buy" rating and a $84.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $80.80.

Nebius Group Stock Performance

NASDAQ NBIS traded up $1.22 on Tuesday, reaching $90.41. The stock had a trading volume of 22,763,889 shares, compared to its average volume of 13,503,320. Nebius Group has a 12-month low of $14.09 and a 12-month high of $100.51. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70. The business's 50-day moving average price is $61.75 and its 200 day moving average price is $42.90. The stock has a market cap of $21.31 billion, a P/E ratio of -158.61 and a beta of 3.55.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.03. The company had revenue of $105.10 million for the quarter, compared to analysts' expectations of $95.60 million. As a group, equities analysts expect that Nebius Group will post -1.1 earnings per share for the current year.

Institutional Trading of Nebius Group

Several large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings in Nebius Group by 2.5% in the second quarter. PNC Financial Services Group Inc. now owns 9,613 shares of the company's stock valued at $532,000 after purchasing an additional 231 shares during the last quarter. Signaturefd LLC grew its holdings 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 purchasing an additional 250 shares during the last quarter. Assetmark Inc. grew its holdings in Nebius Group by 102.0% in the second quarter. Assetmark Inc. now owns 602 shares of the company's stock valued at $33,000 after purchasing an additional 304 shares during the last quarter. LRI Investments LLC grew its holdings in Nebius Group by 85.4% in the second quarter. LRI Investments LLC now owns 673 shares of the company's stock valued at $37,000 after purchasing an additional 310 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Nebius Group by 4.9% in the second quarter. Farther Finance Advisors LLC now owns 7,005 shares of the company's stock valued at $388,000 after purchasing an additional 326 shares during the last quarter. Institutional investors and hedge funds own 21.90% of the company's stock.

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.