Brokerages Set Nebius Group N.V. (NASDAQ:NBIS) PT at $144.71

Nebius Group N.V. (NASDAQ:NBIS) has been given an average rating of “Buy” by the ten analysts that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $144.7143.

Several analysts recently issued reports on the stock. Northland Securities boosted their target price on shares of Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. The Goldman Sachs Group reissued a “buy” rating and set a $120.00 price objective on shares of Nebius Group in a research report on Wednesday, September 17th. Wall Street Zen cut Nebius Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. DA Davidson reiterated a “buy” rating and set a $150.00 target price on shares of Nebius Group in a research report on Wednesday, November 12th. Finally, CICC Research began coverage on Nebius Group in a research report on Tuesday, November 11th. They issued an “outperform” rating and a $143.00 price target for the company.

Nebius Group Stock Up 1.3%

Nebius Group stock opened at $91.19 on Tuesday. Nebius Group has a 52-week low of $18.31 and a 52-week high of $141.10. The company has a market cap of $22.96 billion, a P/E ratio of -118.42 and a beta of 3.83. The business has a 50-day simple moving average of $99.35 and a two-hundred day simple moving average of $82.23.

Institutional Investors Weigh In On Nebius Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Western Pacific Wealth Management LP bought a new position in shares of Nebius Group in the third quarter worth approximately $45,000. Grove Bank & Trust purchased a new position in shares of Nebius Group during the 3rd quarter valued at $50,000. Signaturefd LLC boosted its holdings in Nebius Group by 125.0% in the 2nd quarter. Signaturefd LLC now owns 450 shares of the company’s stock worth $25,000 after buying an additional 250 shares during the period. SOA Wealth Advisors LLC. increased its stake in Nebius Group by 38.5% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 450 shares of the company’s stock worth $51,000 after buying an additional 125 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in Nebius Group during the third quarter valued at about $54,000. 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.