BWS Financial Reaffirms Buy Rating for Nebius Group (NASDAQ:NBIS)

Nebius Group (NASDAQ:NBIS)‘s stock had its “buy” rating restated by stock analysts at BWS Financial in a report issued on Wednesday,Benzinga reports. They currently have a $60.00 price objective on the stock. BWS Financial’s price target points to a potential upside of 58.73% from the company’s current price.

Several other equities analysts have also issued reports on NBIS. DA Davidson lifted their price target on Nebius Group from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Monday. Northland Securities assumed coverage on Nebius Group in a research note on Tuesday, May 6th. They issued an “outperform” rating and a $34.00 price target on the stock. Finally, Northland Capmk upgraded Nebius Group to a “strong-buy” rating in a research note on Tuesday, May 6th.

Nebius Group Price Performance

Shares of NASDAQ NBIS opened at $37.80 on Wednesday. The stock has a market capitalization of $8.91 billion, a PE ratio of -66.32 and a beta of 3.11. The business has a fifty day moving average price of $26.02 and a two-hundred day moving average price of $28.97. Nebius Group has a fifty-two week low of $14.09 and a fifty-two week high of $50.87.

Hedge Funds Weigh In On Nebius Group

Several hedge funds and other institutional investors have recently modified their holdings of NBIS. Orbis Allan Gray Ltd bought a new stake in Nebius Group during the 1st quarter worth $331,474,000. Accel Leaders 4 Associates L.P. bought a new stake in Nebius Group during the 1st quarter worth $96,704,000. Invesco Ltd. bought a new stake in Nebius Group during the 1st quarter worth $73,782,000. Fred Alger Management LLC bought a new stake in Nebius Group during the 1st quarter worth $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. bought a new stake in Nebius Group during the 1st quarter worth $46,822,000. Institutional investors own 21.90% of the company’s stock.

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.