BWS Financial Reiterates Buy Rating for Nebius Group (NASDAQ:NBIS)

Nebius Group (NASDAQ:NBIS)‘s stock had its “buy” rating restated by research analysts at BWS Financial in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $60.00 price target on the stock. BWS Financial’s price objective would suggest a potential upside of 105.21% from the company’s previous close.

Separately, DA Davidson began coverage on Nebius Group in a research report on Tuesday, February 25th. They set a “buy” rating and a $50.00 price target for the company.

Nebius Group Stock Performance

NASDAQ:NBIS traded up $1.14 on Tuesday, hitting $29.24. 11,792,731 shares of the company’s stock were exchanged, compared to its average volume of 13,623,153. The business has a 50-day simple moving average of $34.90. Nebius Group has a 52 week low of $14.09 and a 52 week high of $50.87. The stock has a market capitalization of $6.88 billion, a P/E ratio of -51.30 and a beta of 2.57.

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.