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Shares of Nebius Group Plunge, Analysts Remain Bullish

3/27/2025

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Summary

Story summary

Shares of Nebius Group N.V. (NASDAQ:NBIS) plummeted 9.1% to $24.71 on Wednesday, with a staggering 8.3 million shares changing hands. Despite this dip, analysts from DA Davidson and BWS Financial remain optimistic, issuing "buy" ratings with ambitious targets of $50 and $60. The company, valued at $5.68 billion, is a key player in AI and machine learning, with institutional investors owning 21.90% of its stock.

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Story summary

Shares of Nebius Group N.V. (NASDAQ:NBIS) plummeted 9.1% to $24.71 on Wednesday, with a staggering 8.3 million shares changing hands. Despite this dip, analysts from DA Davidson and BWS Financial remain optimistic, issuing "buy" ratings with ambitious targets of $50 and $60. The company, valued at $5.68 billion, is a key player in AI and machine learning, with institutional investors owning 21.90% of its stock.