Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) Given Average Rating of “Moderate Buy” by Analysts

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

PROSY has been the topic of a number of recent analyst reports. The Goldman Sachs Group started coverage on shares of Prosus in a research note on Thursday, June 4th. They issued a “neutral” rating on the stock. Zacks Research raised shares of Prosus from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. Morgan Stanley reissued an “overweight” rating on shares of Prosus in a report on Tuesday, June 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Prosus in a research report on Thursday, July 23rd.

Prosus Trading Up 0.5%

Shares of PROSY opened at $8.86 on Wednesday. Prosus has a 12-month low of $8.30 and a 12-month high of $14.70. The stock has a 50-day moving average price of $8.94 and a 200-day moving average price of $9.44.

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.