Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) Receives $11.10 Average Target Price from Analysts

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) has received an average recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $11.10.

A number of equities analysts have weighed in on PROSY shares. The Goldman Sachs Group started coverage on Prosus in a research report on Thursday, June 4th. They set a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Prosus in a research note on Thursday. Zacks Research upgraded Prosus from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Finally, Morgan Stanley restated an “overweight” rating on shares of Prosus in a research report on Tuesday, June 30th.

Prosus Stock Performance

Shares of PROSY opened at $8.65 on Friday. The company’s fifty day simple moving average is $8.98 and its 200 day simple moving average is $9.88. Prosus has a 1-year low of $8.30 and a 1-year high of $14.70.

About Prosus

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.