Nebius Group (NASDAQ:NBIS) Stock Price Down 4.1% – Time to Sell?

Nebius Group N.V. (NASDAQ:NBIS)’s share price was down 4.1% during mid-day trading on Monday . The stock traded as low as $35.61 and last traded at $36.04. 4,936,287 shares changed hands during mid-day trading, an increase of 2% from the average session volume of 4,848,411 shares. The stock had previously closed at $37.59.

Analysts Set New Price Targets

Separately, BWS Financial began coverage on shares of Nebius Group in a research note on Monday, January 13th. They set a “buy” rating and a $51.00 price objective on the stock.

Nebius Group Price Performance

The business’s 50-day moving average is $28.56.

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.