Prosus (OTCMKTS:PROSY) Shares Gap Up – What’s Next?

Shares of Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) gapped up before the market opened on Wednesday . The stock had previously closed at $9.00, but opened at $9.43. Prosus shares last traded at $9.43, with a volume of 57,305 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PROSY shares. Zacks Research raised shares of Prosus from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. The Goldman Sachs Group assumed coverage on shares of Prosus in a report on Thursday, June 4th. They set a “neutral” rating for the company. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Prosus in a research note on Tuesday, June 30th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $11.10.

Prosus Stock Performance

The firm has a 50-day moving average of $9.08 and a two-hundred day moving average of $10.12.

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.