Nebius Group (NASDAQ:NBIS) Trading Up 0.9% – Should You Buy?

Nebius Group N.V. (NASDAQ:NBIS) shares rose 0.9% during trading on Thursday . The stock traded as high as $40.04 and last traded at $39.87. Approximately 2,135,383 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 6,955,379 shares. The stock had previously closed at $39.52.

Analyst Upgrades and Downgrades

Separately, BWS Financial began coverage on shares of Nebius Group in a report on Monday, January 13th. They issued a “buy” rating and a $51.00 target price for the company.

Nebius Group Price Performance

The stock’s 50 day moving average is $28.98. The stock has a market cap of $9.05 billion, a P/E ratio of -67.56 and a beta of 2.63.

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.