Nebius Group’s (NBIS) Buy Rating Reaffirmed at DA Davidson

Nebius Group (NASDAQ:NBIS)‘s stock had its “buy” rating reiterated by stock analysts at DA Davidson in a report issued on Wednesday,Benzinga reports. They currently have a $150.00 target price on the stock. DA Davidson’s price objective indicates a potential upside of 46.74% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. CICC Research started coverage on shares of Nebius Group in a research note on Tuesday. They issued an “outperform” rating and a $143.00 price target for the company. Wall Street Zen upgraded Nebius Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 30th. BWS Financial lifted their price target on Nebius Group from $90.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. The Goldman Sachs Group reiterated a “buy” rating and issued a $120.00 price objective on shares of Nebius Group in a report on Wednesday, September 17th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Nebius Group in a research report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $112.33.

Nebius Group Stock Down 7.0%

Shares of Nebius Group stock opened at $102.22 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70. Nebius Group has a 12-month low of $17.39 and a 12-month high of $141.10. The company’s fifty day simple moving average is $108.57 and its two-hundred day simple moving average is $70.09.

Institutional Investors Weigh In On Nebius Group

Several hedge funds have recently added to or reduced their stakes in NBIS. IFP Advisors Inc bought a new position in shares of Nebius Group during the first quarter valued at $25,000. Signaturefd LLC increased its stake in Nebius Group by 125.0% during the 2nd quarter. Signaturefd LLC now owns 450 shares of the company’s stock valued at $25,000 after purchasing an additional 250 shares in the last quarter. SJS Investment Consulting Inc. bought a new stake in Nebius Group during the 2nd quarter valued at about $31,000. Banque Cantonale Vaudoise purchased a new position in Nebius Group in the first quarter worth about $33,000. Finally, Assetmark Inc. lifted its stake in shares of Nebius Group by 102.0% in the second quarter. Assetmark Inc. now owns 602 shares of the company’s stock worth $33,000 after buying an additional 304 shares in the last quarter. 21.90% of the stock is owned by 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.