Nebius Group (NASDAQ:NBIS) Earns Buy Rating from The Goldman Sachs Group

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.

The Goldman Sachs Group reaffirmed their buy rating on shares of Nebius Group (NASDAQ:NBIS - Free Report) in a research report sent to investors on Wednesday,Benzinga reports. The Goldman Sachs Group currently has a $120.00 price target on the stock.

Several other research analysts also recently weighed in on the stock. Northland Securities set a $47.00 price target on shares of Nebius Group and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. BWS Financial increased their price target on shares of Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, September 9th. Arete assumed coverage on shares of Nebius Group in a research report on Thursday, June 5th. They issued a "buy" rating and a $84.00 price target on the stock. Finally, Seaport Res Ptn upgraded shares of Nebius Group to a "hold" rating in a research report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $91.20.

Nebius Group Stock Performance

NBIS stock traded up $5.19 on Wednesday, hitting $99.31. The company had a trading volume of 18,587,395 shares, compared to its average volume of 18,338,676. Nebius Group has a 12-month low of $14.09 and a 12-month high of $100.51. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. The stock's 50-day simple moving average is $67.28 and its 200 day simple moving average is $45.43. The stock has a market cap of $23.41 billion, a price-to-earnings ratio of -174.23 and a beta of 3.55.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.03. The company had revenue of $105.10 million during the quarter, compared to analysts' expectations of $95.60 million. As a group, equities research analysts expect that Nebius Group will post -1.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nebius Group

Several institutional investors have recently bought and sold shares of NBIS. Orbis Allan Gray Ltd purchased a new position in Nebius Group during the first quarter valued at $331,474,000. Accel Leaders 4 Associates L.P. purchased a new position in Nebius Group during the first quarter valued at $96,704,000. Invesco Ltd. purchased a new position in Nebius Group during the first quarter valued at $73,782,000. Fred Alger Management LLC purchased a new position in Nebius Group during the first quarter valued at $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. purchased a new position in shares of Nebius Group in the 1st quarter worth $46,822,000. 21.90% of the stock is owned by hedge funds and other 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.