Nebius Group (NASDAQ:NBIS) Given New $55.00 Price Target at DA Davidson

Nebius Group (NASDAQ:NBIS - Free Report) had its target price increased by DA Davidson from $50.00 to $55.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other brokerages also recently commented on NBIS. Arete began coverage on shares of Nebius Group in a research note on Thursday, June 5th. They set a "buy" rating and a $84.00 price objective for the company. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. Northland Securities set a $47.00 price target on shares of Nebius Group and gave the company an "outperform" rating in a research report on Wednesday, May 21st. BWS Financial boosted their price target on shares of Nebius Group from $60.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Finally, Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $66.50.

Nebius Group Stock Down 0.0%

Shares of NASDAQ:NBIS traded down $0.01 during midday trading on Monday, hitting $48.32. 10,957,749 shares of the stock traded hands, compared to its average volume of 11,236,888. The stock has a market capitalization of $11.39 billion, a PE ratio of -84.77 and a beta of 3.25. The business's 50 day moving average is $33.72 and its two-hundred day moving average is $32.07. Nebius Group has a one year low of $14.09 and a one year high of $55.04.

Institutional Investors Weigh In On Nebius Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. IFP Advisors Inc purchased a new stake in Nebius Group in the first quarter worth about $25,000. Banque Cantonale Vaudoise purchased a new stake in Nebius Group in the first quarter worth about $33,000. First Horizon Advisors Inc. purchased a new stake in Nebius Group in the first quarter worth about $33,000. Manchester Capital Management LLC purchased a new stake in Nebius Group in the first quarter worth about $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in Nebius Group in the first quarter worth about $36,000. Hedge funds and other institutional investors 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.