Nebius Group (NASDAQ:NBIS) Trading Up 6.7% – Should You Buy?

Nebius Group N.V. (NASDAQ:NBISGet Free Report) shares were up 6.7% on Monday . The stock traded as high as $47.68 and last traded at $44.49. Approximately 34,999,875 shares were traded during trading, an increase of 211% from the average daily volume of 11,253,757 shares. The stock had previously closed at $41.70.

Analysts Set New Price Targets

Separately, BWS Financial restated a “buy” rating and issued a $51.00 target price on shares of Nebius Group in a report on Tuesday, January 28th.

View Our Latest Report on NBIS

Nebius Group Stock Performance

The company’s 50-day moving average price is $33.36. The firm has a market cap of $10.56 billion, a P/E ratio of -78.65 and a beta of 2.57.

About Nebius Group

(Get Free Report)

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.

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