Nebius Group (NASDAQ:NBIS) Given a $47.00 Price Target by Northland Securities Analysts

Nebius Group (NASDAQ:NBIS) has been given a $47.00 price objective by analysts at Northland Securities in a report released on Wednesday, MarketBeat Ratings reports. The firm presently has an “outperform” rating on the stock. Northland Securities’ price target would indicate a potential upside of 21.79% from the stock’s previous close.

A number of other brokerages also recently weighed in on NBIS. BWS Financial reaffirmed a “buy” rating and set a $60.00 price objective on shares of Nebius Group in a research report on Wednesday, May 21st. DA Davidson set a $45.00 target price on Nebius Group and gave the stock a “buy” rating in a report on Monday, May 19th. Finally, Northland Capmk upgraded Nebius Group to a “strong-buy” rating in a research report on Tuesday, May 6th.

Nebius Group Stock Performance

NASDAQ NBIS opened at $38.59 on Wednesday. The company has a market capitalization of $9.10 billion, a P/E ratio of -67.70 and a beta of 3.11. The stock has a 50 day moving average price of $26.28 and a 200-day moving average price of $29.24. Nebius Group has a one year low of $14.09 and a one year high of $50.87.

Institutional Trading of Nebius Group

Hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC purchased a new position in Nebius Group during the first quarter worth $152,000. Fifth Third Bancorp acquired a new position in Nebius Group in the first quarter valued at $130,000. Exchange Traded Concepts LLC acquired a new position in Nebius Group in the first quarter valued at $2,621,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Nebius Group during the first quarter worth about $324,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Nebius Group during the first quarter worth about $3,415,000. 21.90% of the stock is owned by institutional investors and hedge funds.

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.