Nebius Group (NASDAQ:NBIS) Reaches New 12-Month High After Analyst Upgrade

Nebius Group N.V. (NASDAQ:NBIS)’s stock price hit a new 52-week high during trading on Tuesday after BWS Financial raised their price target on the stock from $60.00 to $80.00. BWS Financial currently has a buy rating on the stock. Nebius Group traded as high as $55.04 and last traded at $52.58, with a volume of 33687918 shares traded. The stock had previously closed at $48.28.

Other equities analysts have also recently issued research reports about the company. Arete started coverage on Nebius Group in a report on Thursday, June 5th. They issued a “buy” rating and a $84.00 price objective for the company. DA Davidson set a $45.00 price target on shares of Nebius Group and gave the stock a “buy” rating in a research report on Monday, May 19th. Northland Capmk upgraded Nebius Group to a “strong-buy” rating in a research report on Tuesday, May 6th. Arete Research raised shares of Nebius Group to a “strong-buy” rating in a report on Thursday, June 5th. Finally, Northland Securities set a $47.00 price target on shares of Nebius Group and gave the company an “outperform” rating in a research report on Wednesday, May 21st. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $64.00.

Institutional Investors Weigh In On Nebius Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Hodges Capital Management Inc. acquired a new stake in shares of Nebius Group in the 1st quarter valued at about $2,405,000. Siren L.L.C. bought a new position in shares of Nebius Group during the 1st quarter worth approximately $2,955,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Nebius Group in the 1st quarter valued at $9,084,000. Fred Alger Management LLC purchased a new stake in Nebius Group during the first quarter worth about $67,431,000. Finally, Two Seas Capital LP purchased a new stake in shares of Nebius Group during the 1st quarter worth approximately $3,166,000. Institutional investors own 21.90% of the company’s stock.

Nebius Group Price Performance

The stock has a market capitalization of $11.92 billion, a P/E ratio of -88.72 and a beta of 3.25. The company has a 50 day simple moving average of $30.99 and a 200-day simple moving average of $31.15.

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.