Nebius Group (NASDAQ:NBIS) Shares Up 7.5% – Time to Buy?

Shares of Nebius Group N.V. (NASDAQ:NBIS) rose 7.5% during trading on Tuesday . The company traded as high as $28.89 and last traded at $28.03. Approximately 10,766,264 shares changed hands during trading, an increase of 7% from the average daily volume of 10,080,719 shares. The stock had previously closed at $26.08.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reissued a “buy” rating and issued a $51.00 price objective on shares of Nebius Group in a research note on Tuesday.

Nebius Group Price Performance

The company has a market capitalization of $7.49 billion, a price-to-earnings ratio of -55.79 and a beta of 2.63. The company’s 50 day moving average is $30.60.

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.