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

Morgan Stanley started coverage on shares of Nebius Group (NASDAQ:NBIS) in a research report issued on Thursday, MarketBeat Ratings reports. The firm set an “equal weight” rating and a $126.00 price target on the stock. Morgan Stanley’s price objective suggests a potential upside of 15.88% from the stock’s current price.

A number of other brokerages have also commented on NBIS. CICC Research assumed coverage on shares of Nebius Group in a research note on Tuesday, November 11th. They issued an “outperform” rating and a $143.00 price target for the company. Citizens Jmp started coverage on shares of Nebius Group in a research report on Wednesday, November 19th. They issued a “market outperform” rating and a $175.00 target price for the company. Northland Securities increased their price target on Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. Wall Street Zen downgraded Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $120.00 price objective on shares of Nebius Group in a research report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $142.38.

Nebius Group Price Performance

Nebius Group stock opened at $108.73 on Thursday. Nebius Group has a one year low of $18.31 and a one year high of $141.10. The business’s fifty day moving average is $93.01 and its 200 day moving average is $87.26. The stock has a market capitalization of $27.38 billion, a PE ratio of -141.21 and a beta of 4.00.

Institutional Trading of Nebius Group

Several hedge funds have recently bought and sold shares of the stock. Orbis Allan Gray Ltd lifted its position in shares of Nebius Group by 12.4% during the 2nd quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company’s stock valued at $976,681,000 after buying an additional 1,949,708 shares in the last quarter. Fred Alger Management LLC raised its stake in Nebius Group by 33.4% during the 3rd quarter. Fred Alger Management LLC now owns 10,132,279 shares of the company’s stock worth $1,137,551,000 after acquiring an additional 2,536,832 shares during the period. Jericho Capital Asset Management L.P. lifted its holdings in Nebius Group by 55.7% during the third quarter. Jericho Capital Asset Management L.P. now owns 4,607,497 shares of the company’s stock valued at $517,284,000 after purchasing an additional 1,648,497 shares in the last quarter. Invesco Ltd. boosted 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 worth $198,514,000 after purchasing an additional 92,710 shares during the period. Finally, Rovida Investment Management Ltd increased its stake in shares of Nebius Group by 26.0% in the third quarter. Rovida Investment Management Ltd now owns 2,193,647 shares of the company’s stock worth $246,193,000 after purchasing an additional 453,000 shares in the last quarter. Institutional investors own 21.90% of the company’s stock.

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.