Nebius Group (NASDAQ:NBIS) Research Coverage Started at Morgan Stanley

Morgan Stanley initiated coverage on shares of Nebius Group (NASDAQ:NBIS) in a report released on Thursday morning, MarketBeat.com reports. The firm issued an equal weight rating and a $126.00 target price on the stock.

NBIS has been the topic of several other reports. Wall Street Zen lowered Nebius Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Nebius Group in a research report on Monday, December 29th. Northland Securities increased their target price on Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 12th. DA Davidson restated a “buy” rating and set a $150.00 price objective on shares of Nebius Group in a report on Wednesday, November 12th. Finally, Citizens Jmp started coverage on Nebius Group in a report on Wednesday, November 19th. They set a “market outperform” rating and a $175.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $142.38.

Nebius Group Stock Up 4.7%

Shares of NASDAQ NBIS opened at $108.73 on Thursday. Nebius Group has a twelve month low of $18.31 and a twelve month high of $141.10. The stock has a market cap of $27.38 billion, a price-to-earnings ratio of -141.21 and a beta of 4.00. The company’s fifty day moving average is $93.01 and its 200-day moving average is $87.52.

Hedge Funds Weigh In On Nebius Group

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada acquired a new stake in shares of Nebius Group in the first quarter valued at about $1,628,000. Millennium Management LLC bought a new position in Nebius Group in the first quarter valued at approximately $11,563,000. NewEdge Advisors LLC acquired a new position in shares of Nebius Group during the 1st quarter worth approximately $40,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Nebius Group during the 1st quarter worth approximately $9,084,000. Finally, High Net Worth Advisory Group LLC bought a new stake in shares of Nebius Group during the 2nd quarter worth approximately $221,000. Institutional investors own 21.90% of the company’s stock.

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.