Nebius Group N.V. (NASDAQ:NBIS) Given Consensus Rating of "Buy" by Analysts

Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) have earned a consensus rating of "Buy" from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $66.50.

NBIS has been the subject of a number of recent analyst reports. Arete began coverage on Nebius Group in a report on Thursday, June 5th. They set a "buy" rating and a $84.00 target price for the company. BWS Financial boosted their price objective 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. Arete Research raised shares of Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Northland Securities set a $47.00 target price on shares of Nebius Group and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. Finally, Northland Capmk raised shares of Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th.

Nebius Group Stock Performance

Shares of NASDAQ NBIS opened at $55.33 on Tuesday. Nebius Group has a fifty-two week low of $14.09 and a fifty-two week high of $55.75. The stock has a market cap of $13.04 billion, a PE ratio of -97.07 and a beta of 3.25. The stock has a fifty day moving average of $38.39 and a 200-day moving average of $33.13.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NBIS. IFP Advisors Inc bought a new stake in Nebius Group during the first quarter valued at approximately $25,000. Banque Cantonale Vaudoise bought a new position in shares of Nebius Group during the first quarter valued at about $33,000. First Horizon Advisors Inc. purchased a new position in Nebius Group in the 1st quarter worth approximately $33,000. Manchester Capital Management LLC bought a new stake in Nebius Group during the 1st quarter valued at $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Nebius Group during the first quarter worth about $36,000. 21.90% of the stock is currently owned by institutional investors.

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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