Nebius Group N.V. (NASDAQ:NBIS) Receives $66.80 Consensus Price Target from Brokerages

Nebius Group N.V. (NASDAQ:NBIS) has been given a consensus recommendation of “Buy” by the seven ratings firms that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $66.80.

A number of equities research analysts have issued reports on NBIS shares. The Goldman Sachs Group started coverage on shares of Nebius Group in a report on Monday, July 14th. They set a “buy” rating and a $68.00 price objective for the company. BWS Financial increased their price objective on shares of Nebius Group from $60.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, June 10th. Arete Research raised shares of Nebius Group to a “strong-buy” rating in a report on Thursday, June 5th. Wall Street Zen lowered shares of Nebius Group from a “hold” rating to a “sell” rating in a report on Friday, July 18th. Finally, DA Davidson raised their target price on shares of Nebius Group from $50.00 to $55.00 and gave the company a “buy” rating in a report on Monday, June 16th.

Nebius Group Price Performance

Shares of NBIS opened at $51.29 on Friday. Nebius Group has a 1 year low of $14.09 and a 1 year high of $58.16. The company has a 50 day simple moving average of $47.56 and a two-hundred day simple moving average of $36.19. The firm has a market cap of $12.09 billion, a P/E ratio of -89.98 and a beta of 3.25.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings data on Tuesday, May 20th. The company reported ($0.48) earnings per share (EPS) for the quarter. The business had revenue of $55.30 million for the quarter. During the same quarter last year, the company posted ($0.25) earnings per share. The business’s revenue was up 385 on a year-over-year basis. On average, sell-side analysts anticipate that Nebius Group will post -1.1 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Orbis Allan Gray Ltd bought a new stake in Nebius Group in the first quarter worth $331,474,000. Accel Leaders 4 Associates L.P. bought a new stake in Nebius Group in the first quarter worth $96,704,000. Invesco Ltd. bought a new stake in Nebius Group in the first quarter worth $73,782,000. Fred Alger Management LLC bought a new stake in Nebius Group in the first quarter worth $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. bought a new stake in Nebius Group in the first quarter worth $46,822,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

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.