Nebius Group (NASDAQ:NBIS) Shares Down 2.9% - Should You Sell?

The shares of Nebius Group N.V. (NASDAQ:NBIS) experienced a drop of 2.9% on Wednesday, trading as low as $44.50 before closing at $46.66. During mid-day trading, a total of 8,051,000 shares changed hands, which is a 33% decline from the average session volume of 11,936,872 shares. The stock had previously closed at $48.07.

Analyst Upgrades and Downgrades

• Nebius Group: NVIDIA’s Investment Sparks All-Time Highs

In a separate report, BWS Financial maintained a "buy" rating on Nebius Group, setting a price target of $51.00 in a research note released on January 28th.

Check Out Our Latest Stock Analysis on Nebius Group

Nebius Group Trading Down 2.5%

• Nebius Group: Market Overreaction or Real AI Disruption?

The stock's 50-day simple moving average stands at $33.36. Nebius Group has a market capitalization of $11.03 billion, a price-to-earnings (P/E) ratio of -82.12, and a beta of 2.57.

About Nebius Group

Nebius Group N.V. is a technology company that develops intelligent products and services utilizing machine learning and other advanced technologies, designed to assist consumers and businesses in navigating both online and offline environments. The company’s offerings include Nebius AI, an AI-driven cloud platform designed for the deployment of AI and machine-learning solutions, as well as Toloka AI, which provides generative AI solutions throughout the GenAI lifecycle, including data annotation, model training, and quality assessment for large language models.

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• Nebius Group (NBIS): A Small-Cap Backed by NVIDIA

Financial experts recommend keeping an eye on the latest developments regarding Nebius Group. Many analysts are watching the market closely to determine the next steps to take with this investment.

Should You Invest $1,000 in Nebius Group Right Now?

Before making a decision about investing in Nebius Group, it is essential to consider insights shared by financial analysts. MarketBeat has been tracking top-rated analysts and their stock recommendations daily. They have identified five stocks that are highly recommended over Nebius Group for current investment opportunities.

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