Nebius Group (NASDAQ:NBIS) Stock Rating Upgraded by Freedom Capital

Key Points

• Freedom Capital upgraded Nebius Group (NASDAQ:NBIS) to a "strong-buy"; analysts overall rate the stock a "Moderate Buy" (2 Strong Buy, 6 Buy, 1 Hold, 1 Sell) with an average target price of $142.38.
• The stock opened at $82.39, has a market cap of $20.75 billion, a negative P/E of -107 and a high beta (3.90), trading in a 1-year range of $18.31–$141.10, indicating substantial volatility versus its analyst targets.
• Large investors have been adding positions—Fred Alger boosted holdings by 33.4% to over 10.1 million shares and several funds (Qube, Orbis, Clear Street) established sizable new stakes—while institutional/hedge funds own about 21.9% of the company.

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

NBIS has been the subject of several other reports. DA Davidson reissued a "buy" rating and set a $150.00 price objective on shares of Nebius Group in a research note on Wednesday, November 12th. Northland Securities upped their target price on Nebius Group from $206.00 to $211.00 and gave the company an "outperform" rating in a report on Wednesday, November 12th. CICC Research started coverage on Nebius Group in a research report on Tuesday, November 11th. They issued an "outperform" rating and a $143.00 price target for the company. Citizens Jmp assumed coverage on Nebius Group in a report on Wednesday, November 19th. They set a "market outperform" rating and a $175.00 price objective on the stock. Finally, Morgan Stanley assumed coverage on shares of Nebius Group in a research note on Thursday, January 15th. They set an "equal weight" rating and a $126.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $142.38.

Nebius Group Stock Performance

Shares of NASDAQ:NBIS opened at $82.39 on Tuesday. The stock has a market capitalization of $20.75 billion, a price-to-earnings ratio of -107.00 and a beta of 3.90. Nebius Group has a 1-year low of $18.31 and a 1-year high of $141.10. The company has a 50 day moving average price of $93.71 and a 200 day moving average price of $91.59.

Hedge Funds Weigh In On Nebius Group

A number of large investors have recently made changes to their positions in NBIS. Fred Alger Management LLC boosted its holdings in shares of Nebius Group by 33.4% during the third quarter. Fred Alger Management LLC now owns 10,132,279 shares of the company's stock worth $1,137,551,000 after purchasing an additional 2,536,832 shares during the period. Qube Research & Technologies Ltd purchased a new stake in Nebius Group in the 3rd quarter worth approximately $238,511,000. Orbis Allan Gray Ltd boosted its stake in shares of Nebius Group by 12.4% during the 2nd quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company's stock valued at $976,681,000 after buying an additional 1,949,708 shares during the period. Clear Street Group Inc. acquired a new stake in shares of Nebius Group during the 3rd quarter valued at $202,168,000. Finally, Rovida Advisors Inc. purchased a new position in shares of Nebius Group during the 2nd quarter valued at $96,223,000. Institutional investors and hedge funds own 21.90% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.