Nebius Group (NASDAQ:NBIS) Sets New 1-Year High – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS) shares reached a new 52-week high on Wednesday . The company traded as high as $38.90 and last traded at $37.95, with a volume of 2094220 shares trading hands. The stock had previously closed at $36.89.

Analyst Upgrades and Downgrades

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

Nebius Group Trading Up 3.1 %

The company has a market cap of $13.75 billion, a price-to-earnings ratio of -66.72 and a beta of 2.63. The business has a 50 day moving average price of $26.88.

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.