Why Nebius Stock Surged Higher Today
An upgrade and new stock price estimate have investors excited about Nebius today.
Overview
Often, a stock analyst may rush to update coverage and raise a price target after the stock sails past the prior target. That wasn't the case with a call on Nebius Group (NASDAQ: NBIS) stock, though.
A monster share price target increase came from BNP Paribas analyst Stefan Slowinski even before the stock reached the prior target. That sent Nebius shares soaring today, up 9.5% as of 1:53 p.m. ET.
Image source: The Motley Fool.
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Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.