BWS Financial Issues Positive Forecast for Nebius Group (NASDAQ:NBIS) Stock Price

Nebius Group (NASDAQ:NBIS) had its target price hoisted by BWS Financial from $90.00 to $130.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts also recently issued reports on NBIS. 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 objective on Nebius Group and gave the company an “outperform” rating in a research note on Wednesday, May 21st. The Goldman Sachs Group began coverage on Nebius Group in a research note on Monday, July 14th. They issued a “buy” rating and a $68.00 price objective for the company. Wall Street Zen downgraded Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Arete began coverage on Nebius Group in a research note on Thursday, June 5th. They issued a “buy” rating and a $84.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $80.80.

Nebius Group Stock Performance

Nebius Group stock opened at $95.72 on Tuesday. The business has a 50 day moving average of $60.10 and a 200-day moving average of $42.19. Nebius Group has a 1 year low of $14.09 and a 1 year high of $98.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70. The company has a market capitalization of $22.57 billion, a P/E ratio of -167.93 and a beta of 3.55.

Nebius Group (NASDAQ:NBIS) last released its quarterly earnings data on Tuesday, September 9th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by ($0.03). The firm had revenue of $47.60 million during the quarter, compared to the consensus estimate of $95.60 million. On average, equities research analysts predict that Nebius Group will post -1.1 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NBIS. Orbis Allan Gray Ltd bought a new position in Nebius Group during the 1st quarter worth approximately $331,474,000. Accel Leaders 4 Associates L.P. bought a new stake in shares of Nebius Group in the 1st quarter valued at $96,704,000. Invesco Ltd. bought a new stake in shares of Nebius Group in the 1st quarter valued at $73,782,000. Fred Alger Management LLC bought a new stake in shares of Nebius Group in the 1st quarter valued at $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. bought a new stake in shares of Nebius Group in the 1st quarter valued at $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.