Rothschild & Co Redburn initiated coverage on Nebius Group (NBIS) with a sell rating on Monday. The firm set a price target of $84.00 per share. This target implies a potential downside of 62.42% from the current trading price.
The bearish outlook contrasts with a consensus Moderate Buy rating from 19 analysts. Two analysts currently recommend a Strong Buy. Nine analysts maintain Buy ratings, while six suggest a Hold. Two analysts now issue a Sell rating.
Nebius Group N.V. joined the FTSE All-World Index on Monday. Inclusion in this global index typically increases visibility to international investors. Index-tracking funds may increase trading volume as they purchase shares to match the benchmark.