Brokerages Set Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) Price Target at $11.10

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $11.10.

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

Prosus Stock Up 0.3%

OTCMKTS:PROSY opened at $9.27 on Friday. The firm’s fifty day moving average is $8.96 and its two-hundred day moving average is $9.81. Prosus has a one year low of $8.30 and a one 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.