Nebius Group (NASDAQ:NBIS) Upgraded at Arete Research

Arete Research upgraded shares of Nebius Group (NASDAQ:NBIS) to a strong-buy rating in a research note released on Thursday morning,Zacks.com reports.

A number of other brokerages have also commented on NBIS. Arete began coverage on Nebius Group in a research note on Thursday. They issued a “buy” rating and a $84.00 target price for the company. Northland Capmk upgraded shares of Nebius Group to a “strong-buy” rating in a research note on Tuesday, May 6th. Northland Securities set a $47.00 price objective on shares of Nebius Group and gave the stock an “outperform” rating in a report on Wednesday, May 21st. DA Davidson set a $45.00 target price on shares of Nebius Group and gave the company a “buy” rating in a research report on Monday, May 19th. Finally, BWS Financial reissued a “buy” rating and issued a $60.00 price target on shares of Nebius Group in a research report on Wednesday, May 21st. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $59.00.

Nebius Group Trading Up 17.5%

Shares of NBIS stock opened at $46.30 on Thursday. Nebius Group has a 12 month low of $14.09 and a 12 month high of $50.87. The company has a market capitalization of $10.92 billion, a P/E ratio of -81.23 and a beta of 3.25. The stock has a 50 day moving average of $28.70 and a two-hundred day moving average of $30.34.

Institutional Trading of Nebius Group

A number of large investors have recently bought and sold shares of the stock. IFP Advisors Inc bought a new position in shares of Nebius Group during the first quarter valued at $25,000. First Horizon Advisors Inc. acquired a new position in Nebius Group in the first quarter valued at about $33,000. Banque Cantonale Vaudoise bought a new stake in Nebius Group during the first quarter worth about $33,000. Manchester Capital Management LLC bought a new stake in Nebius Group during the first quarter worth about $34,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Nebius Group during the first quarter worth approximately $36,000. 21.90% of the stock is currently owned by institutional investors.

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.