Nebius Group (NASDAQ:NBIS) Price Target Raised to $60.00

Nebius Group (NASDAQ:NBIS) had its price objective raised by investment analysts at BWS Financial from $51.00 to $60.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. BWS Financial’s target price points to a potential upside of 42.49% from the company’s current price.

Nebius Group Price Performance

NBIS traded down $4.14 during mid-day trading on Friday, hitting $42.11. The stock had a trading volume of 9,012,624 shares, compared to its average volume of 12,870,841. The firm has a market cap of $9.91 billion, a price-to-earnings ratio of -73.71 and a beta of 2.57. Nebius Group has a 1-year low of $14.09 and a 1-year high of $50.87. The business’s fifty day simple moving average is $34.19.

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.