BWS Financial Reiterates “Buy” Rating for Nebius Group (NASDAQ:NBIS)

Nebius Group (NASDAQ:NBIS)‘s stock had its “buy” rating reaffirmed by BWS Financial in a research note issued on Tuesday,Benzinga reports. They currently have a $51.00 price target on the stock. BWS Financial’s price objective indicates a potential upside of 85.99% from the stock’s previous close.

Nebius Group Stock Performance

NASDAQ:NBIS traded up $1.34 on Tuesday, hitting $27.42. The stock had a trading volume of 11,201,503 shares, compared to its average volume of 10,126,159. The company has a market cap of $6.46 billion, a P/E ratio of -48.78 and a beta of 2.63. Nebius Group has a 52 week low of $14.09 and a 52 week high of $43.66. The company’s fifty day moving average price is $30.02.

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.