Nebius Group (NASDAQ:NBIS) Stock Price Up 1.7% – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBIS)’s share price rose 1.7% during trading on Friday . The company traded as high as $33.57 and last traded at $32.59. Approximately 6,033,511 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 13,403,142 shares. The stock had previously closed at $32.05.

Wall Street Analyst Weigh In

NBIS has been the subject of a number of recent research reports. BWS Financial increased their price target on shares of Nebius Group from $51.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. DA Davidson began coverage on Nebius Group in a report on Tuesday, February 25th. They set a “buy” rating and a $50.00 price target for the company.

Nebius Group Trading Up 1.4 %

The firm has a fifty day moving average of $34.92. The stock has a market cap of $7.65 billion, a price-to-earnings ratio of -57.00 and a beta of 2.58.

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.