Nebius Group (NASDAQ:NBIS) Upgraded at Freedom Capital

Freedom Capital upgraded shares of Nebius Group (NASDAQ:NBIS) to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

Several other research analysts also recently issued reports on NBIS. Northland Securities raised their price objective on shares of Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 12th. CICC Research initiated coverage on shares of Nebius Group in a research note on Tuesday, November 11th. They set an “outperform” rating and a $143.00 target price for the company. BWS Financial reissued a “buy” rating and set a $130.00 price target on shares of Nebius Group in a report on Thursday, November 13th. Morgan Stanley assumed coverage on Nebius Group in a research note on Thursday, January 15th. They set an “equal weight” rating and a $126.00 price objective for the company. Finally, Weiss Ratings cut Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nebius Group has an average rating of “Moderate Buy” and a consensus price target of $142.38.

Nebius Group Trading Down 10.3%

Shares of NBIS opened at $73.87 on Tuesday. The company’s 50 day simple moving average is $93.30 and its 200-day simple moving average is $91.47. The firm has a market cap of $18.60 billion, a PE ratio of -95.94 and a beta of 3.90. Nebius Group has a 12-month low of $18.31 and a 12-month high of $141.10.

Institutional Investors Weigh In On Nebius Group

Several institutional investors have recently made changes to their positions in NBIS. Blue Trust Inc. lifted its stake in shares of Nebius Group by 73.8% in the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $28,000 after purchasing an additional 141 shares during the period. Armstrong Advisory Group Inc. grew its position in Nebius Group by 500.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 360 shares of the company’s stock worth $30,000 after buying an additional 300 shares during the period. Assetmark Inc. grew its position in Nebius Group by 102.0% during the second quarter. Assetmark Inc. now owns 602 shares of the company’s stock worth $33,000 after buying an additional 304 shares during the period. LRI Investments LLC increased its holdings in Nebius Group by 85.4% in the second quarter. LRI Investments LLC now owns 673 shares of the company’s stock valued at $37,000 after buying an additional 310 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in shares of Nebius Group during the 1st quarter valued at approximately $40,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

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.