DA Davidson Reiterates Buy Rating on Nebius Group (NBIS)

DA Davidson analyst Alexander Platt reiterated a Buy rating and $125.00 price target on Nebius Group (NASDAQ: NBIS).

The analyst commented, "It was announced that Avride, one of the non-core Nebius businesses focused primarily on autonomous vehicle technology, secured up to $375M in commitments backed by both Nebius and Uber. The new capital will be used to further product development and help expand Avride's fleet to 500 autonomous vehicles in new geographies, with the first 100 launching later this year in Dallas in partnership with Uber. We reiterate our BUY rating and $125 price target."

For an analyst ratings summary and ratings history on Nebius Group click here. For more ratings news on Nebius Group click here.

Shares of Nebius Group closed at $98.62 yesterday.

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