Nebius Group (NASDAQ:NBIS) Now Covered by DA Davidson

Research analysts at DA Davidson initiated coverage on shares of Nebius Group (NASDAQ:NBIS) in a research note issued on Tuesday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $50.00 price target on the stock. DA Davidson’s price objective points to a potential upside of 38.05% from the stock’s current price.

Separately, BWS Financial raised their price objective on shares of Nebius Group from $51.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday.

Nebius Group Trading Down 9.1 %

Nebius Group stock opened at $36.22 on Tuesday. Nebius Group has a 12-month low of $14.09 and a 12-month high of $50.87. The firm has a market capitalization of $8.53 billion, a PE ratio of -63.54 and a beta of 2.57. The stock’s 50-day moving average price is $34.42.

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.