Nebius Group (NASDAQ:NBIS) Upgraded to “Strong-Buy” at Freedom Capital

Freedom Capital upgraded shares of Nebius Group (NASDAQ:NBIS) to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

Several other research analysts have also commented on the company. Morgan Stanley began coverage on Nebius Group in a report on Thursday, January 15th. They set an “equal weight” rating and a $126.00 price objective for the company. Northland Securities lifted their target price on shares of Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. CICC Research initiated coverage on shares of Nebius Group in a report on Tuesday, November 11th. They issued an “outperform” rating and a $143.00 price target on the stock. Weiss Ratings cut shares of Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, January 15th. Finally, Citizens Jmp assumed coverage on shares of Nebius Group in a report on Wednesday, November 19th. They set a “market outperform” rating and a $175.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $142.38.

Nebius Group Stock Down 8.4%

Nebius Group stock opened at $82.39 on Tuesday. The stock has a market cap of $20.75 billion, a price-to-earnings ratio of -107.00 and a beta of 3.90. The business has a 50-day simple moving average of $93.71 and a 200 day simple moving average of $91.59. Nebius Group has a 52 week low of $18.31 and a 52 week high of $141.10.

Institutional Investors Weigh In On Nebius Group

A number of institutional investors have recently made changes to their positions in NBIS. Hartford Investment Management Co. bought a new position in shares of Nebius Group during the 4th quarter valued at $214,000. Colonial River Investments LLC grew its stake in shares of Nebius Group by 41.6% during the fourth quarter. Colonial River Investments LLC now owns 27,016 shares of the company’s stock valued at $2,261,000 after buying an additional 7,938 shares during the last quarter. Strengthening Families & Communities LLC purchased a new position in shares of Nebius Group in the fourth quarter worth about $191,000. Maxi Investments CY Ltd purchased a new position in shares of Nebius Group in the fourth quarter worth about $1,473,000. Finally, International Assets Investment Management LLC lifted its stake in shares of Nebius Group by 11.5% in the 4th quarter. International Assets Investment Management LLC now owns 8,681 shares of the company’s stock valued at $727,000 after acquiring an additional 895 shares during the last quarter. Hedge funds and other institutional investors own 21.90% of the company’s stock.

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.