Nebius Group (NASDAQ:NBIS) Shares Up 7.7% – Still a Buy?

Nebius Group N.V. (NASDAQ:NBIS) shares rose 7.7% on Thursday . The company traded as high as $33.40 and last traded at $32.02. Approximately 6,139,234 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 10,652,772 shares. The stock had previously closed at $29.73.

Analysts Set New Price Targets

Separately, BWS Financial reissued a “buy” rating and set a $51.00 target price on shares of Nebius Group in a research note on Tuesday.

Nebius Group Price Performance

The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of -55.79 and a beta of 2.63. The company has a 50 day moving average of $30.39.

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.