Nebius Group (NASDAQ:NBIS) Research Coverage Started at DA Davidson

DA Davidson started coverage on shares of Nebius Group (NASDAQ:NBIS) in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $50.00 price target on the stock.

Separately, BWS Financial upped their target price on shares of Nebius Group from $51.00 to $60.00 and gave the company a “buy” rating in a report on Friday, February 21st.

Nebius Group Trading Down 10.9 %

Shares of NBIS stock opened at $32.05 on Tuesday. The stock’s 50 day simple moving average is $34.70. The stock has a market cap of $7.55 billion, a P/E ratio of -56.23 and a beta of 2.58. Nebius Group has a 12-month low of $14.09 and a 12-month high of $50.87.

Nebius Group Company Profile

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.