Nebius Group (NASDAQ:NBIS) Price Target Raised to $65.00

Key Points

• DA Davidson has raised the price target for Nebius Group (NASDAQ:NBIS) from $55.00 to $65.00, indicating a potential upside of 19.26% from the stock's current price.
• Despite some analysts downgrading the rating, the consensus rating for Nebius Group remains a "Buy" with an average target price of $68.80.
• In the latest quarter, Nebius Group reported a significant revenue increase of 385% year-over-year, though the company posted a loss of ($0.48) earnings per share (EPS).

Nebius Group (NASDAQ:NBIS - Get Free Report) had its price target increased by DA Davidson from $55.00 to $65.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. DA Davidson's price target points to a potential upside of 19.26% from the stock's current price.

Several other research firms have also recently issued reports on NBIS. Wall Street Zen cut Nebius Group from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Arete started coverage on shares of Nebius Group in a research report on Thursday, June 5th. They set a "buy" rating and a $84.00 target price on the stock. BWS Financial increased their price target on shares of Nebius Group from $60.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. The Goldman Sachs Group started coverage on shares of Nebius Group in a research note on Monday, July 14th. They issued a "buy" rating and a $68.00 price objective for the company. Finally, Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $68.80.

Nebius Group Stock Performance

NBIS traded up $0.33 during trading on Tuesday, hitting $54.50. The stock had a trading volume of 5,491,822 shares, compared to its average volume of 12,637,532. The firm has a market capitalization of $12.85 billion, a P/E ratio of -95.69 and a beta of 3.36. Nebius Group has a twelve month low of $14.09 and a twelve month high of $58.16. The company's 50-day moving average price is $48.72 and its 200 day moving average price is $36.65.

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

Institutional Investors Weigh In On Nebius Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC grew its position in shares of 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. boosted its position in Nebius Group by 102.0% during the second quarter. Assetmark Inc. now owns 602 shares of the company's stock worth $33,000 after acquiring an additional 304 shares during the last quarter. LRI Investments LLC increased its stake 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. Farther Finance Advisors LLC increased its stake in shares of Nebius Group by 4.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 7,005 shares of the company's stock valued at $388,000 after acquiring an additional 326 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of Nebius Group by 12.1% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 3,050 shares of the company's stock worth $169,000 after acquiring an additional 330 shares during the period. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

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.

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