Nebius Group (NASDAQ:NBIS) Stock Price Expected to Rise, BWS Financial Analyst Says

Nebius Group (NASDAQ:NBIS) had its price objective lifted by BWS Financial from $60.00 to $80.00 in a report issued on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also commented on NBIS. Arete started coverage on Nebius Group in a research note on Thursday, June 5th. They set a “buy” rating and a $84.00 price target for the company. Arete Research raised Nebius Group to a “strong-buy” rating in a research note on Thursday, June 5th. Northland Securities set a $47.00 price target on Nebius Group and gave the company an “outperform” rating in a research note on Wednesday, May 21st. DA Davidson set a $45.00 price target on Nebius Group and gave the company a “buy” rating in a research note on Monday, May 19th. Finally, Northland Capmk upgraded Nebius Group to a “strong-buy” rating in a research report on Tuesday, May 6th. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $64.00.

Nebius Group Stock Down 0.6%

NASDAQ NBIS opened at $50.28 on Tuesday. The firm has a market cap of $11.85 billion, a price-to-earnings ratio of -88.21 and a beta of 3.25. The business has a 50-day moving average price of $31.58 and a 200-day moving average price of $31.33. Nebius Group has a twelve month low of $14.09 and a twelve month high of $55.04.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. SeaCrest Wealth Management LLC purchased a new position in Nebius Group during the 1st quarter worth $453,000. Centaurus Financial Inc. purchased a new position in shares of Nebius Group in the 4th quarter valued at $9,505,000. Intellectus Partners LLC purchased a new position in shares of Nebius Group in the 1st quarter valued at $570,000. West Oak Capital LLC purchased a new position in shares of Nebius Group in the 1st quarter valued at $501,000. Finally, TB Alternative Assets Ltd. purchased a new position in shares of Nebius Group in the 1st quarter valued at $2,957,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

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.