Nebius Group (NASDAQ:NBIS) Trading 1.7% Higher – Still a Buy?

Nebius Group N.V. (NASDAQ:NBIS)’s stock price traded up 1.7% during trading on Friday . The company traded as high as $33.57 and last traded at $32.59. 6,033,511 shares traded hands during trading, a decline of 55% from the average session volume of 13,403,142 shares. The stock had previously closed at $32.05.

Analysts Set New Price Targets

Several equities analysts have weighed in on NBIS shares. BWS Financial raised their price target on Nebius Group from $51.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. DA Davidson started coverage on Nebius Group in a research report on Tuesday, February 25th. They set a “buy” rating and a $50.00 price objective for the company.

Nebius Group Stock Performance

The firm’s 50 day moving average is $34.92. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of -57.00 and a beta of 2.58.

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.