Northland Securities Forecasts Strong Price Appreciation for Nebius Group (NASDAQ:NBIS) Stock

Nebius Group (NASDAQ:NBIS) had its price objective lifted by stock analysts at Northland Securities from $34.00 to $47.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Northland Securities’ price objective would suggest a potential upside of 24.34% from the company’s previous close.

NBIS has been the topic of several other reports. BWS Financial restated a “buy” rating and set a $60.00 price target on shares of Nebius Group in a research note on Wednesday. Northland Capmk upgraded Nebius Group to a “strong-buy” rating in a research note on Tuesday, May 6th. Finally, DA Davidson boosted 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.

Nebius Group Stock Down 2.9%

Shares of NBIS opened at $37.80 on Wednesday. Nebius Group has a 12-month low of $14.09 and a 12-month high of $50.87. The firm has a market capitalization of $8.91 billion, a price-to-earnings ratio of -66.32 and a beta of 3.11. The stock’s 50-day moving average price is $26.02 and its 200 day moving average price is $28.97.

Institutional Investors Weigh In On Nebius Group

A number of institutional investors have recently added to or reduced their stakes in NBIS. Centaurus Financial Inc. acquired a new stake in Nebius Group during the fourth quarter valued at approximately $9,505,000. GAMMA Investing LLC acquired a new stake in Nebius Group during the first quarter valued at approximately $80,000. Whipplewood Advisors LLC acquired a new stake in Nebius Group during the first quarter valued at approximately $36,000. Intellectus Partners LLC acquired a new stake in Nebius Group during the first quarter valued at approximately $570,000. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of Nebius Group in the 1st quarter worth approximately $453,000. 21.90% of the stock is owned by institutional investors and hedge funds.

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.