On Tuesday, Nebius Group Cl A got an upgrade for its IBD SmartSelect Composite Rating from 79 to 98.
The upgrade means the stock is now outpacing 98% of all other stocks in terms of key performance metrics and technical strength.
Nebius Group Cl A is not currently near a proper buy point. Look for the stock to form and break out of a new base.
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One weak spot is the company's 76 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors over the last 13 weeks.
In Q2, the company posted 31% earnings growth. Sales growth increased 40%, up from 18% in the prior quarter. That marks one quarter of increasing revenue increases. The company's next quarterly report is expected on or around Oct. 31.
Nebius Group Cl A holds the No. 2 rank among its peers in the Internet-Content industry group. Meta Platforms is the top-ranked stock within the group.
