Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $11.10.

Several analysts have weighed in on the company. Zacks Research raised Prosus from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Prosus in a report on Thursday, July 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Prosus in a research note on Tuesday, June 30th. Finally, The Goldman Sachs Group assumed coverage on shares of Prosus in a research report on Thursday, June 4th. They set a “neutral” rating for the company.

Prosus Stock Performance

Prosus stock opened at $8.58 on Wednesday. Prosus has a 52 week low of $8.30 and a 52 week high of $14.70. The business has a 50-day simple moving average of $8.97 and a 200 day simple moving average of $9.53.

Prosus Company Profile

Prosus is a global consumer internet group and investment company that focuses on creating and scaling technology businesses across classifieds, food delivery, payments and fintech, education, and e‑commerce. Formed as a publicly listed entity in 2019 out of the broader Naspers organization, Prosus combines operating platforms with long‑term strategic equity investments in digital companies, seeking to capture growth in online consumer services and financial technology.

The company’s portfolio includes a mix of majority‑owned operating businesses and minority stakes in high‑growth internet companies.