Nebius Group (NASDAQ:NBIS) Price Target Raised to $80.00

Nebius Group (NASDAQ:NBIS) had its target price upped by BWS Financial from $60.00 to $80.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

NBIS has been the topic of several other reports. Arete started coverage on Nebius Group in a research note on Thursday, June 5th. They set a “buy” rating and a $84.00 target price on the stock. DA Davidson set a $45.00 price target on Nebius Group and gave the company a “buy” rating in a research report on Monday, May 19th. Northland Capmk raised Nebius Group to a “strong-buy” rating in a report on Tuesday, May 6th. Northland Securities set a $47.00 target price on Nebius Group and gave the stock an “outperform” rating in a report on Wednesday, May 21st. Finally, Arete Research raised Nebius Group to a “strong-buy” rating in a report on Thursday, June 5th. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $64.00.

Nebius Group Stock Performance

NBIS opened at $50.28 on Tuesday. Nebius Group has a 52-week low of $14.09 and a 52-week high of $55.04. The stock has a market capitalization of $11.85 billion, a PE ratio of -88.21 and a beta of 3.25. The stock’s 50 day moving average price is $31.58 and its 200-day moving average price is $31.33.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NBIS. Orbis Allan Gray Ltd purchased a new position in shares of Nebius Group in the first quarter worth $331,474,000. Accel Leaders 4 Associates L.P. purchased a new position in shares of Nebius Group in the first quarter worth $96,704,000. Invesco Ltd. purchased a new stake in Nebius Group during the first quarter valued at $73,782,000. Fred Alger Management LLC purchased a new stake in Nebius Group during the first quarter valued at $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. purchased a new stake in Nebius Group during the first quarter valued at $46,822,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

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.