Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares rose 8.7% during trading on Monday after DA Davidson raised their price target on the stock from $50.00 to $55.00. DA Davidson currently has a buy rating on the stock. Nebius Group traded as high as $51.25 and last traded at $51.24. Approximately 6,416,287 shares changed hands during trading, a decline of 43% from the average daily volume of 11,192,272 shares. The stock had previously closed at $47.13.
Several other research analysts have also issued reports on the stock. BWS Financial raised their target price on shares of Nebius Group from $60.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Northland Capmk raised shares of Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Arete began coverage on Nebius Group in a report on Thursday, June 5th. They set a "buy" rating and a $84.00 target price on the stock. Northland Securities set a $47.00 target price on Nebius Group and gave the stock an "outperform" rating in a report on Wednesday, May 21st. Finally, Arete Research upgraded Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Four equities research 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, the company presently has a consensus rating of "Buy" and an average target price of $66.50.
View Our Latest Stock Report on Nebius Group
Institutional Investors Weigh In On Nebius Group
Several institutional investors have recently bought and sold shares of NBIS. IFP Advisors Inc bought a new stake in shares of Nebius Group in the first quarter worth $25,000. First Horizon Advisors Inc. bought a new stake in Nebius Group during the 1st quarter worth about $33,000. Banque Cantonale Vaudoise bought a new stake in Nebius Group during the 1st quarter worth about $33,000. Manchester Capital Management LLC bought a new stake in Nebius Group during the 1st quarter worth about $34,000. Finally, Whipplewood Advisors LLC bought a new stake in Nebius Group during the 1st quarter worth about $36,000. Institutional investors own 21.90% of the company's stock.
Nebius Group Stock Performance
The stock has a market capitalization of $11.39 billion, a P/E ratio of -84.77 and a beta of 3.25. The firm's 50-day simple moving average is $33.72 and its 200 day simple moving average is $32.07.
Nebius Group Company Profile
(
Get Free Report)
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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