US bank JPMorgan has confirmed the Prosus stock with an “Overweight” rating and raised the target price from €62.00 to €63.50. This assessment is based on the recently very robust business figures of the internet holding company.
Influence of the New CEO
The strategic influence of the new CEO Fabricio Bloisi is a key factor in this positive assessment. The corporate strategy has been optimized, which is reflected in the business figures.
New Appointment of the CFO Position
The appointment of Nico Marais as the new CFO is also positively highlighted. His influence has led to better cash flow development and clearer profitability goals.
For investors interested in technology-based holding companies, Prosus represents an attractive option.