The Goldman Sachs Group Reiterates Buy Rating for Nebius Group (NASDAQ:NBIS)

Key Points

• The Goldman Sachs Group has reiterated a buy rating for Nebius Group (NASDAQ:NBIS) with a price target of $120.00, indicating a potential upside of 34.18% from its previous close.
• Nebius Group recently reported a quarterly earnings beat, with an EPS of ($0.38), surpassing analysts' expectations and generating revenue of $105.10 million.
• Analysts have varying ratings for Nebius, with two analysts rating it as a strong buy and five others giving it a buy rating, while the average price target across the board is $91.20.

Nebius Group (NASDAQ:NBIS - Get Free Report)'s stock had its "buy" rating restated by investment analysts at The Goldman Sachs Group in a report issued on Wednesday,Benzinga reports. They currently have a $120.00 price target on the stock. The Goldman Sachs Group's price target would suggest a potential upside of 34.18% from the stock's previous close.

Several other equities analysts have also recently commented on the company. Arete Research raised Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Wall Street Zen raised Nebius Group from a "sell" rating to a "hold" rating in a report on Sunday. BWS Financial upped their price target on Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. DA Davidson reaffirmed a "buy" rating and issued a $75.00 price target on shares of Nebius Group in a report on Tuesday, September 9th. Finally, Northland Securities set a $47.00 price target on Nebius Group and gave the company an "outperform" rating in a report on Wednesday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $91.20.

Nebius Group Stock Down 1.7%

Nebius Group stock opened at $89.43 on Wednesday. The firm has a market cap of $21.08 billion, a price-to-earnings ratio of -156.89 and a beta of 3.55. The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70. Nebius Group has a fifty-two week low of $14.09 and a fifty-two week high of $100.51. The firm has a fifty day moving average price of $64.26 and a two-hundred day moving average price of $44.15.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, beating analysts' consensus estimates of ($0.41) by $0.03. The company had revenue of $105.10 million for the quarter, compared to analyst estimates of $95.60 million. As a group, analysts forecast that Nebius Group will post -1.1 earnings per share for the current year.

Institutional Trading of Nebius Group

Several hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. grew its stake in shares of Nebius Group by 3.6% during the second quarter. Osaic Holdings Inc. now owns 129,464 shares of the company's stock valued at $7,163,000 after purchasing an additional 4,509 shares during the last quarter. Centaurus Financial Inc. grew its stake in shares of Nebius Group by 1.9% during the second quarter. Centaurus Financial Inc. now owns 245,640 shares of the company's stock valued at $13,591,000 after purchasing an additional 4,489 shares during the last quarter. Orion Porfolio Solutions LLC bought a new stake in shares of Nebius Group during the second quarter valued at approximately $224,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Nebius Group during the second quarter valued at approximately $660,000. Finally, State of Wyoming grew its stake in shares of Nebius Group by 548,800.0% during the second quarter. State of Wyoming now owns 10,978 shares of the company's stock valued at $607,000 after purchasing an additional 10,976 shares during the last quarter. 21.90% of the stock is 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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