Analysts Boost Price Target for Nebius Group to $144.71

Nebius Group N.V. (NASDAQ:NBIS) has received an average rating of “Buy” from ten analysts, with a new 12-month price target set at $144.71. This target reflects the growing confidence in the company as several analysts recently adjusted their recommendations and price expectations.

Northland Securities raised its price target for Nebius Group from $206.00 to $211.00, maintaining an “outperform” rating in a report released on November 12, 2023. Meanwhile, the Goldman Sachs Group reaffirmed its “buy” rating with a price objective of $120.00, as outlined in its report dated September 17, 2023.

In a shift of sentiment, Wall Street Zen downgraded Nebius Group from a “hold” rating to a “sell” rating on November 15, 2023. In contrast, DA Davidson reiterated its “buy” rating and established a target price of $150.00 in the same week. Additionally, CICC Research began coverage of Nebius Group and issued an “outperform” rating with a target price of $143.00 on November 11, 2023.

Institutional Investors Show Interest

Institutional investors have been actively adjusting their positions in Nebius Group. Western Pacific Wealth Management LP acquired a new stake valued at approximately $45,000 during the third quarter. Similarly, Grove Bank & Trust entered a new position worth $50,000 in the same period.

Further demonstrating institutional interest, Signaturefd LLC increased its holdings in Nebius Group by 125.0% during the second quarter, owning 450 shares valued at $25,000 after acquiring an additional 250 shares. SOA Wealth Advisors LLC also raised its stake by 38.5% in the third quarter, now holding 450 shares valued at $51,000 after purchasing 125 additional shares. Sunbelt Securities Inc. completed a new investment in Nebius Group during the third quarter, valued at about $54,000. Overall, institutional investors hold approximately 21.90% of the company’s stock.

About Nebius Group

Nebius Group N.V. is a technology firm that specializes in developing intelligent products and services powered by machine learning. The company provides solutions designed to assist consumers and businesses in navigating both online and offline environments. Its offerings include Nebius AI, a cloud platform focused on AI deployment and machine learning, and Toloka AI, which delivers generative AI solutions throughout various stages of the AI lifecycle, such as data annotation, model training, and quality assessment.

As the technology landscape continues to evolve, Nebius Group’s innovative products and strong institutional backing position it well for future growth.