Nebius Group (NASDAQ:NBIS) Price Target Raised to $60.00 at BWS Financial

Nebius Group (NASDAQ:NBIS - Get Free Report) had its target price increased by investment analysts at BWS Financial from $51.00 to $60.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. BWS Financial's target price would indicate a potential upside of 50.64% from the stock's current price.

Nebius Group Price Performance

Shares of NBIS traded down $6.42 during midday trading on Friday, hitting $39.83. The company's stock had a trading volume of 22,048,021 shares, compared to its average volume of 13,283,659. Nebius Group has a one year low of $14.09 and a one year high of $50.87. The company's fifty day moving average price is $34.37. The company has a market cap of $9.38 billion, a PE ratio of -69.88 and a beta of 2.57.

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.