DA Davidson Forecasts Strong Price Appreciation for Nebius Group (NASDAQ:NBIS) Stock

Nebius Group (NASDAQ:NBIS) had its target price upped by equities researchers at DA Davidson from $50.00 to $55.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s price objective points to a potential upside of 13.80% from the stock’s current price.

A number of other analysts also recently weighed in on NBIS. Northland Capmk raised shares of Nebius Group to a “strong-buy” rating in a report on Tuesday, May 6th. Arete started coverage on shares of Nebius Group in a research report on Thursday, June 5th. They set a “buy” rating and a $84.00 price objective for the company. Arete Research raised Nebius Group to a “strong-buy” rating in a report on Thursday, June 5th. Northland Securities set a $47.00 price target on Nebius Group and gave the stock an “outperform” rating in a report on Wednesday, May 21st. Finally, BWS Financial upped their price objective on Nebius Group from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $66.50.

Nebius Group Stock Down 4.2%

NBIS opened at $48.33 on Monday. The stock has a market capitalization of $11.39 billion, a price-to-earnings ratio of -84.79 and a beta of 3.25. Nebius Group has a twelve month low of $14.09 and a twelve month high of $55.04. The company has a 50-day simple moving average of $33.22 and a 200 day simple moving average of $31.96.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NBIS. Centaurus Financial Inc. acquired a new stake in shares of Nebius Group during the 4th quarter valued at $9,505,000. GAMMA Investing LLC bought a new position in Nebius Group in the first quarter valued at about $80,000. Whipplewood Advisors LLC acquired a new stake in shares of Nebius Group during the first quarter valued at about $36,000. Intellectus Partners LLC bought a new stake in shares of Nebius Group during the first quarter worth about $570,000. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of Nebius Group during the first quarter worth about $453,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

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.