Nebius Group (NASDAQ:NBIS) Trading 2% Higher – Time to Buy?

Nebius Group N.V. (NASDAQ:NBIS) rose 2% during mid-day trading on Thursday . The company traded as high as $40.38 and last traded at $40.07. Approximately 3,006,373 shares changed hands during trading, a decline of 71% from the average daily volume of 10,544,776 shares. The stock had previously closed at $39.30.

Analysts Set New Price Targets

Separately, BWS Financial reissued a “buy” rating and set a $51.00 price target on shares of Nebius Group in a report on Tuesday, January 28th.

Nebius Group Stock Performance

The firm has a market cap of $10.48 billion, a P/E ratio of -78.05 and a beta of 2.57. The stock has a 50-day moving average of $33.11.

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.