Nebius Group (NASDAQ:NBIS) Earns Buy Rating from BWS Financial

Nebius Group (NASDAQ:NBIS)‘s stock had its “buy” rating reaffirmed by equities researchers at BWS Financial in a research report issued on Tuesday,Benzinga reports. They currently have a $51.00 price objective on the stock. BWS Financial’s price target suggests a potential upside of 85.99% from the company’s previous close.

Nebius Group Stock Up 5.1 %

NASDAQ NBIS traded up $1.34 on Tuesday, hitting $27.42. The stock had a trading volume of 11,201,503 shares, compared to its average volume of 10,126,159. The business has a 50-day moving average of $30.02. Nebius Group has a 52-week low of $14.09 and a 52-week high of $43.66. The company has a market capitalization of $6.46 billion, a P/E ratio of -48.78 and a beta of 2.63.

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.