J.P. Morgan Sticks to Their Buy Rating for Prosus (PROSF)

J.P. Morgan analyst Marcus Diebel maintained a Buy rating on Prosus (PROSF – Research Report) today and set a price target of €50.00. The company’s shares closed last Monday at $44.03.

According to TipRanks, Diebel is ranked #8649 out of 9079 analysts.

Currently, the analyst consensus on Prosus is a Strong Buy with an average price target of $48.81, representing a 10.85% upside. In a report released on September 27, Kepler Capital also maintained a Buy rating on the stock with a €44.60 price target.

Based on Prosus’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0

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Prosus (PROSF) Company Description:

Prosus NV is a consumer internet group operating across a variety of platforms and geographies. The group’s businesses primarily operate in China, India, Russia, Central and Eastern Europe, North America, Latin America, Southeast Asia, the Middle East and Africa. The group’s businesses and investments are organised around the following segments: Ecommerce, which comprises its interests in Classifieds, Payments and Fintech, Food Delivery, Etail, Travel and other Ecommerce, Social and Internet Platforms, which comprises its interests in Tencent and Mail.ru Group and Corporate which relates to group-level corporate services and treasury function.