Analysts Set Nebius Group N.V. (NASDAQ:NBIS) PT at $144.71

Shares of Nebius Group N.V. (NASDAQ:NBIS) have been assigned an average recommendation of “Buy” from the ten research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $144.7143.

A number of brokerages have recently commented on NBIS. BWS Financial reaffirmed a “buy” rating and set a $130.00 price target on shares of Nebius Group in a research report on Thursday, November 13th. Citizens Jmp began coverage on shares of Nebius Group in a report on Wednesday, November 19th. They set a “market outperform” rating and a $175.00 price objective on the stock. Wall Street Zen downgraded shares of Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Nebius Group in a research report on Monday, December 22nd. Finally, Northland Securities raised their price objective on shares of Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a report on Wednesday, November 12th.

Institutional Investors Weigh In On Nebius Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC bought a new position in shares of Nebius Group in the first quarter valued at approximately $3,330,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in Nebius Group in the 1st quarter worth approximately $5,967,000. Freedom Investment Management Inc. bought a new position in Nebius Group in the 1st quarter valued at $229,000. Bank of Hawaii bought a new position in Nebius Group in the 1st quarter valued at $415,000. Finally, Aristides Capital LLC purchased a new position in shares of Nebius Group during the 1st quarter valued at $528,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Nebius Group Trading Down 3.9%

Nebius Group stock opened at $87.59 on Tuesday. The business’s 50 day simple moving average is $98.83 and its 200 day simple moving average is $82.68. Nebius Group has a 12 month low of $18.31 and a 12 month high of $141.10. The company has a market cap of $22.06 billion, a price-to-earnings ratio of -113.75 and a beta of 3.83.

About Nebius Group

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.