Nebius Group (NASDAQ:NBIS) Hits New 1-Year High – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $40.20 and last traded at $39.58, with a volume of 2214695 shares changing hands. The stock had previously closed at $37.60.

Wall Street Analysts Forecast Growth

Separately, BWS Financial assumed coverage on shares of Nebius Group in a report on Monday, January 13th. They issued a “buy” rating and a $51.00 price target on the stock.

Nebius Group Stock Up 7.2 %

The firm has a market capitalization of $14.57 billion, a P/E ratio of -70.50 and a beta of 2.63. The stock has a 50-day moving average of $28.56.

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.