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

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

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

Prosus Trading Up 0.5%

PROSY stock opened at $8.37 on Friday. The business’s 50-day moving average price is $8.98 and its two-hundred day moving average price is $9.93. 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.