Nebius Group (NASDAQ:NBIS) Coverage Initiated by Analysts at Morgan Stanley

Research analysts at Morgan Stanley initiated coverage on shares of Nebius Group (NASDAQ:NBIS) in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage set an “equal weight” rating and a $126.00 price target on the stock. Morgan Stanley’s price target suggests a potential upside of 23.55% from the stock’s previous close.

NBIS has been the subject of several other research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Nebius Group in a research note on Monday, December 29th. The Goldman Sachs Group reiterated a “buy” rating and issued a $120.00 target price on shares of Nebius Group in a research note on Wednesday, September 17th. BWS Financial reissued a “buy” rating and issued a $130.00 target price on shares of Nebius Group in a research report on Thursday, November 13th. CICC Research began coverage on shares of Nebius Group in a research note on Tuesday, November 11th. They set an “outperform” rating and a $143.00 price target on the stock. Finally, Citizens Jmp started coverage on shares of Nebius Group in a research note on Wednesday, November 19th. They issued a “market outperform” rating and a $175.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $142.38.

Nebius Group Trading Down 3.3%

NBIS opened at $101.98 on Thursday. The stock has a fifty day moving average price of $93.17 and a 200 day moving average price of $86.77. Nebius Group has a 1 year low of $18.31 and a 1 year high of $141.10. The stock has a market cap of $25.68 billion, a price-to-earnings ratio of -132.44 and a beta of 4.00.

Institutional Trading of Nebius Group

Several large investors have recently modified their holdings of the company. Oppenheimer Asset Management Inc. lifted its position in Nebius Group by 186.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 29,850 shares of the company’s stock worth $1,652,000 after acquiring an additional 19,424 shares during the last quarter. Invesco Ltd. grew its position in shares of Nebius Group by 2.7% in the second quarter. Invesco Ltd. now owns 3,587,811 shares of the company’s stock valued at $198,514,000 after purchasing an additional 92,710 shares during the last quarter. MGO One Seven LLC bought a new position in shares of Nebius Group in the second quarter worth about $255,000. Salem Investment Counselors Inc. lifted its position in shares of Nebius Group by 2,272.7% during the 3rd quarter. Salem Investment Counselors Inc. now owns 26,930 shares of the company’s stock worth $3,023,000 after purchasing an additional 25,795 shares during the last quarter. Finally, Hardy Reed LLC acquired a new position in shares of Nebius Group during the 2nd quarter worth about $365,000. 21.90% of the stock is owned by institutional investors.

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.