Nebius Group N.V. (NASDAQ:NBIS – Get Free Report)’s share price fell 3.7% during trading on Tuesday . The company traded as low as $26.21 and last traded at $27.06. 7,135,107 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 10,045,017 shares. The stock had previously closed at $28.10.
Wall Street Analyst Weigh In
A number of research firms have recently commented on NBIS. DA Davidson began coverage on Nebius Group in a report on Tuesday, February 25th. They issued a “buy” rating and a $50.00 price target for the company. BWS Financial reaffirmed a “buy” rating and issued a $60.00 price target on shares of Nebius Group in a report on Tuesday.
Check Out Our Latest Analysis on NBIS
Nebius Group Price Performance
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.
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