Nebius Group (NASDAQ:NBIS) Raised to "Strong-Buy" at Arete Research

Nebius Group (NASDAQ:NBIS - Get Free Report) was upgraded by Arete Research to a "strong-buy" rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other equities research analysts have also issued reports on NBIS. DA Davidson set a $45.00 target price on Nebius Group and gave the company a "buy" rating in a research note on Monday, May 19th. Northland Securities set a $47.00 price target on Nebius Group and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. BWS Financial reissued a "buy" rating and set a $60.00 price target on shares of Nebius Group in a research note on Wednesday, May 21st. Arete initiated coverage on Nebius Group in a research note on Thursday. They set a "buy" rating and a $84.00 price target on the stock. Finally, Northland Capmk raised Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Nebius Group presently has a consensus rating of "Buy" and a consensus target price of $59.00.

Nebius Group Stock Performance

NBIS stock opened at $46.30 on Thursday. Nebius Group has a 1 year low of $14.09 and a 1 year high of $50.87. The stock's 50 day moving average price is $28.70 and its 200 day moving average price is $30.34. The firm has a market cap of $10.92 billion, a P/E ratio of -81.23 and a beta of 3.25.

Institutional Trading of Nebius Group

A number of institutional investors and hedge funds have recently made changes to their positions in NBIS. Centaurus Financial Inc. acquired a new stake in Nebius Group in the 4th quarter valued at $9,505,000. Whipplewood Advisors LLC acquired a new stake in Nebius Group in the 1st quarter valued at $36,000. Farther Finance Advisors LLC acquired a new stake in Nebius Group in the 1st quarter valued at $152,000. Fifth Third Bancorp acquired a new stake in Nebius Group in the 1st quarter valued at $130,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Nebius Group in the 1st quarter valued at $2,621,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

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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