Nebius Group (NASDAQ:NBIS) Shares Up 10.9% – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS) shot up 10.9% during mid-day trading on Friday . The stock traded as high as $43.66 and last traded at $42.86. 6,323,480 shares traded hands during trading, a decline of 12% from the average session volume of 7,164,802 shares. The stock had previously closed at $38.64.

Wall Street Analyst Weigh In

Separately, BWS Financial assumed coverage on shares of Nebius Group in a research note on Monday, January 13th. They set a “buy” rating and a $51.00 target price for the company.

Nebius Group Stock Up 9.3 %

The company has a market cap of $9.94 billion, a PE ratio of -74.78 and a beta of 2.63. The stock’s 50 day simple moving average is $28.98.

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.