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

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $8.36, but opened at $8.81. Prosus shares last traded at $8.7280, with a volume of 148,462 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PROSY. Morgan Stanley reissued an “overweight” rating on shares of Prosus in a research report on Tuesday, June 30th. The Goldman Sachs Group assumed coverage on shares of Prosus in a research report on Thursday, June 4th. They issued a “neutral” rating for the company. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Prosus in a research note on Thursday, July 23rd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.10.

Prosus Stock Up 3.8%

The firm’s 50 day simple moving average is $8.83 and its 200 day simple moving average is $9.20.

Prosus Company Profile

Prosus N.V. is a global consumer internet and technology group headquartered in Amsterdam, the Netherlands. The company develops, operates and invests in technology businesses serving consumers and businesses through digital platforms, with activities spanning online classifieds, food delivery, payments and fintech, education technology, travel and other internet services.

Prosus’s portfolio has included businesses such as OLX, an online classifieds platform, and iFood, a food-delivery service operating in Latin America.