Nebius Group (NASDAQ:NBIS) Trading 7.3% Higher – Still a Buy?

Shares of Nebius Group N.V. (NASDAQ:NBISGet Free Report) were up 7.3% during mid-day trading on Friday . The company traded as high as $37.36 and last traded at $37.09. Approximately 6,561,573 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 10,410,775 shares. The stock had previously closed at $34.55.

Analyst Ratings Changes

Separately, BWS Financial restated a “buy” rating and issued a $51.00 target price on shares of Nebius Group in a research report on Tuesday, January 28th.

Check Out Our Latest Report on Nebius Group

Nebius Group Stock Performance

The stock’s 50-day moving average price is $31.74. The company has a market cap of $8.97 billion, a PE ratio of -66.86 and a beta of 2.58.

Nebius Group Company Profile

(Get Free Report)

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.

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