Nebius Group (NASDAQ:NBIS) Trading 7.5% Higher – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS) traded up 7.5% on Tuesday . The stock traded as high as $28.89 and last traded at $28.03. 10,766,264 shares traded hands during mid-day trading, an increase of 7% from the average session volume of 10,080,719 shares. The stock had previously closed at $26.08.

Analyst Upgrades and Downgrades

Separately, BWS Financial reiterated a “buy” rating and issued a $51.00 price objective on shares of Nebius Group in a report on Tuesday.

Nebius Group Trading Up 15.4 %

The stock has a market cap of $7.08 billion, a P/E ratio of -52.79 and a beta of 2.63. The company’s 50 day moving average is $30.02.

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.