Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) have received a consensus rating of "Buy" from the six research firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $59.00.
A number of brokerages recently commented on NBIS. Arete Research raised Nebius Group to a "strong-buy" rating in a research note on Thursday. Northland Securities set a $47.00 price objective on Nebius Group and gave the stock an "outperform" rating in a report on Wednesday, May 21st. Northland Capmk upgraded Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. DA Davidson set a $45.00 price objective on Nebius Group and gave the stock a "buy" rating in a report on Monday, May 19th. Finally, BWS Financial reiterated a "buy" rating and issued a $60.00 price objective on shares of Nebius Group in a report on Wednesday, May 21st.
Check Out Our Latest Stock Report on Nebius Group
Hedge Funds Weigh In On Nebius Group
A number of institutional investors have recently added to or reduced their stakes in NBIS. Orbis Allan Gray Ltd bought a new position in Nebius Group in the first quarter worth $331,474,000. Accel Leaders 4 Associates L.P. bought a new position in shares of Nebius Group during the first quarter valued at $96,704,000. Invesco Ltd. bought a new position in shares of Nebius Group during the first quarter valued at $73,782,000. Fred Alger Management LLC bought a new position in shares of Nebius Group during the first quarter valued at $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. bought a new position in shares of Nebius Group during the first quarter valued at $46,822,000. Institutional investors own 21.90% of the company's stock.
Nebius Group Stock Performance
NBIS stock traded up $4.30 on Friday, reaching $52.58. The company's stock had a trading volume of 33,687,918 shares, compared to its average volume of 11,100,298. The business has a fifty day simple moving average of $29.77 and a two-hundred day simple moving average of $30.86. Nebius Group has a 12-month low of $14.09 and a 12-month high of $54.95. The firm has a market cap of $12.40 billion, a PE ratio of -92.25 and a beta of 3.25.
About Nebius Group
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Get Free ReportNebius 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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