Nebius Group (NASDAQ:NBIS) Shares Up 1% – Should You Buy?

Nebius Group N.V. (NASDAQ:NBIS)’s stock price was up 1% on Friday . The stock traded as high as $28.35 and last traded at $27.08. Approximately 4,240,340 shares traded hands during trading, a decline of 58% from the average daily volume of 10,201,653 shares. The stock had previously closed at $26.80.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. BWS Financial reaffirmed a “buy” rating and issued a $60.00 target price on shares of Nebius Group in a research note on Tuesday, March 4th. DA Davidson began coverage on shares of Nebius Group in a report on Tuesday, February 25th. They issued a “buy” rating and a $50.00 price objective on the stock.

Nebius Group Trading Up 4.4 %

The business’s fifty day moving average price is $34.96. The company has a market cap of $6.59 billion, a price-to-earnings ratio of -49.11 and a beta of 2.47.

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.