Nebius Group (NASDAQ:NBIS) Shares Up 0.5% - What's Next?

Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shot up 0.5% during mid-day trading on Tuesday . The stock traded as high as $42.00 and last traded at $41.19. 4,081,884 shares were traded during trading, a decline of 62% from the average session volume of 10,672,277 shares. The stock had previously closed at $40.97.

Analysts Set New Price Targets

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

Nebius Group Trading Up 6.7 %

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

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.