Nebius Group (NBIS) stock has gained 30% year-to-date and rallied about 345% over the past year, as the cloud computing company is gaining from strong demand amid the artificial intelligence (AI) boom. The company recently struck a $27 billion deal with social media giant Meta Platforms (META) and a strategic partnership with Nvidia (NVDA), with the chip giant committing to invest $2 billion in the AI infrastructure company.
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Trade NBIS with leverageEven after a solid year-to-date rally, Wall Street’s average price target indicates further upside potential in NBIS stock. Analysts’ bullish stance is based on strong demand trends and a robust backlog.
Now, according to TipRanks’ Ownership Tool, public companies and individual investors own 61.42% of Nebius. They are followed by other institutional investors, mutual funds, and exchange-traded funds (ETFs) at 24.61%, 7.25%, and 6.72%, respectively.
Digging Deeper into Nebius’ Ownership Structure
Looking closely at the top shareholders, iShares owns the highest stake in Nebius at 3.47%, followed by David Gerald Greenspan (Slate Path Capital) with a 1.80% holding.
Among the top ETF holders, iShares Core MSCI EAFE ETF (IEFA) owns a 0.69% stake in NBIS, while the iShares MSCI EAFE ETF (EFA) holds 0.34%.
Moving to mutual funds, Alger Institutional Funds holds about 1.22% of Nebius. Meanwhile, Lazard Funds owns 1.12% of the company.
Is NBIS a Good Stock to Buy?
Overall, Wall Street has a Strong Buy consensus rating on Nebius stock based on eight Buys and one Hold recommendation. The average NBIS stock price target of $164.22 indicates 51% upside potential.
