Shares of Nebius Group (NBIS) surged 7.22% in pre-market trading on Monday, following a bullish initiation from a major Wall Street firm. The stock's significant uptick comes as investors react positively to new analyst coverage.
Goldman Sachs, a leading global investment banking firm, has initiated coverage of Nebius Group with a Buy rating. This move by Goldman Sachs signals confidence in Nebius's future prospects and potential for growth, likely contributing to the stock's pre-market rally.
Analyst ratings, especially from prominent firms like Goldman Sachs, often have a substantial impact on investor sentiment and stock performance. The Buy rating suggests that Goldman Sachs analysts believe Nebius Group's stock may outperform the market in the coming period, potentially attracting more investors and further boosting the stock price.
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