UBS Thinks Prosus’ Stock is Going to Recover

UBS analyst John Kim-sa maintained a Buy rating on Prosus (PROSFResearch Report) on July 19 and set a price target of EUR116.00. The company’s shares closed last Wednesday at $95.50, close to its 52-week low of $89.66.

According to TipRanks.com, Kim-sa is ranked #6290 out of 7591 analysts.

Currently, the analyst consensus on Prosus is a Strong Buy with an average price target of $134.46, implying a 41.6% upside from current levels. In a report issued on July 16, J.P. Morgan also maintained a Buy rating on the stock with a EUR135.90 price target.

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The company has a one-year high of $128.00 and a one-year low of $89.66. Currently, Prosus has an average volume of 2,061.

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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.