Prosus Posts 84% Profit Surge, Morgan Stanley Raises Target to €51 and $5B Buyback
Prosus delivered an 84% surge in full-year adjusted core profit and achieved profitability across all regional business ecosystems for the first time. Morgan Stanley reiterated its Overweight rating and lifted its price target from €49 to €51 while the company unveiled a $5 billion stock buyback and acquisition plans.
1. Record Profitability Across Regions
Prosus posted an 84% increase in full-year adjusted core profit and achieved profitability across all of its regional business ecosystems for the first time. This performance underscores widespread operational strength and efficiency gains across its investment portfolio.
2. Morgan Stanley Rating and Price Target Update
Morgan Stanley maintained its Overweight rating on Prosus and raised its price target from €49 to €51, signaling heightened confidence in the company's growth trajectory. The revision reflects expectations of continued profit expansion and market share gains.
3. $5 Billion Buyback and Acquisition Strategy
Prosus unveiled plans for a $5 billion stock buyback aimed at enhancing shareholder value by reducing outstanding share count. It is also pursuing strategic acquisitions to broaden its market presence and support long-term revenue growth.
