Nebius Group (NASDAQ:NBIS - Get Free Report) had its price objective boosted by research analysts at DA Davidson from $50.00 to $55.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the stock. DA Davidson's price target would suggest a potential upside of 16.70% from the company's current price.
NBIS has been the subject of several other research reports. Arete assumed coverage on Nebius Group in a research note on Thursday, June 5th. They set a "buy" rating and a $84.00 target price for the company. BWS Financial increased their target price on shares of Nebius Group from $60.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Northland Securities set a $47.00 target price on Nebius Group and gave the company an "outperform" rating in a research note on Wednesday, May 21st. Northland Capmk raised shares of Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $66.50.
Get Our Latest Stock Report on NBIS
Nebius Group Price Performance
NASDAQ:NBIS opened at $47.13 on Monday. The firm has a market capitalization of $11.11 billion, a P/E ratio of -82.68 and a beta of 3.25. The business has a 50 day simple moving average of $32.12 and a 200 day simple moving average of $31.65. Nebius Group has a 12-month low of $14.09 and a 12-month high of $55.04.
Hedge Funds Weigh In On Nebius Group
Institutional investors and hedge funds have recently made changes to their positions in the company. Hodges Capital Management Inc. bought a new position in shares of Nebius Group in the 1st quarter valued at $2,405,000. Siren L.L.C. acquired a new position in Nebius Group during the 1st quarter worth approximately $2,955,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Nebius Group during the first quarter worth about $9,084,000. Fred Alger Management LLC purchased a new stake in Nebius Group in the 1st quarter valued at $67,431,000. Finally, Two Seas Capital LP bought a new position in Nebius Group in the 1st quarter valued at $3,166,000. Institutional investors and hedge funds own 21.90% of the company's stock.
Nebius Group Company Profile
(
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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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