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Northland Securities Reaffirms Their Buy Rating on Nebius Group (NBIS)

Tipranks - Tipranks - Tue Feb 24, 7:49AM CST

In a report released today, Nehal Chokshi from Northland Securities reiterated a Buy rating on Nebius Group, with a price target of $232.00.

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Chokshi covers the Technology sector, focusing on stocks such as Agilysys, Allot, and Quantum. According to TipRanks, Chokshi has an average return of 21.6% and a 55.67% success rate on recommended stocks.

In addition to Northland Securities, Nebius Group also received a Buy from Compass Point’s Michael Donovan in a report issued on February 18. However, on February 14, TipRanks – xAI reiterated a Hold rating on Nebius Group (NASDAQ: NBIS).

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Based on Nebius Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $227.7 million and a GAAP net loss of $249.6 million. In comparison, last year the company earned a revenue of $37.9 million and had a GAAP net loss of $133.2 million

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