Nebius Group (NASDAQ:NBIS) Shares Up 5.4% - Here's Why

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares rose 5.4% on Friday . The stock traded as high as $47.68 and last traded at $43.94. Approximately 21,930,673 shares were traded during mid-day trading, an increase of 98% from the average daily volume of 11,076,647 shares. The stock had previously closed at $41.70.

Analysts Set New Price Targets

Separately, BWS Financial restated a "buy" rating and issued a $51.00 target price on shares of Nebius Group in a research note on Tuesday, January 28th.

Nebius Group Stock Performance

The firm has a market cap of $10.48 billion, a PE ratio of -78.05 and a beta of 2.57. The firm's 50-day moving average price is $33.11.

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.