Nebius Group (NASDAQ:NBIS) Price Target Raised to $211.00

Nebius Group (NASDAQ:NBIS) had its price objective boosted by Northland Securities from $206.00 to $211.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Northland Securities’ price objective would suggest a potential upside of 124.30% from the stock’s previous close.

A number of other research analysts have also weighed in on the stock. CICC Research initiated coverage on shares of Nebius Group in a research note on Tuesday. They issued an “outperform” rating and a $143.00 target price on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $120.00 price objective on shares of Nebius Group in a research report on Wednesday, September 17th. BWS Financial upped their target price on Nebius Group from $90.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. Seaport Res Ptn upgraded Nebius Group to a “hold” rating in a report on Monday, September 15th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Nebius Group in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $139.67.

Nebius Group Stock Performance

Shares of Nebius Group stock traded down $8.15 during mid-day trading on Wednesday, reaching $94.07. 27,473,183 shares of the stock traded hands, compared to its average volume of 14,527,067. 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 $17.39 and a fifty-two week high of $141.10. The business has a 50-day moving average of $108.57 and a 200 day moving average of $70.09.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc acquired a new stake in Nebius Group in the 1st quarter valued at about $25,000. Signaturefd LLC raised its holdings in Nebius Group by 125.0% in the second quarter. Signaturefd LLC now owns 450 shares of the company’s stock valued at $25,000 after acquiring an additional 250 shares in the last quarter. SJS Investment Consulting Inc. purchased a new position in Nebius Group in the second quarter worth approximately $31,000. Banque Cantonale Vaudoise purchased a new position in Nebius Group in the first quarter worth approximately $33,000. Finally, Assetmark Inc. grew its holdings in Nebius Group by 102.0% during the 2nd quarter. Assetmark Inc. now owns 602 shares of the company’s stock worth $33,000 after acquiring an additional 304 shares in the last quarter. 21.90% of the stock is owned by institutional investors and hedge funds.

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.