Nebius Group (NASDAQ:NBIS) Now Covered by DA Davidson

Equities researchers at DA Davidson initiated coverage on shares of Nebius Group (NASDAQ:NBIS) in a report released on Tuesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $50.00 price target on the stock. DA Davidson’s price target points to a potential upside of 38.05% from the stock’s previous close.

Separately, BWS Financial increased their price objective on shares of Nebius Group from $51.00 to $60.00 and gave the company a “buy” rating in a report on Friday.

Nebius Group Trading Down 9.1 %

NBIS stock opened at $36.22 on Tuesday. The firm has a market capitalization of $8.53 billion, a price-to-earnings ratio of -63.54 and a beta of 2.57. The firm’s fifty day moving average price is $34.42. Nebius Group has a one year low of $14.09 and a one year high of $50.87.

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.