Prosus N.V.

Analysts see significant upside in Prosus shares, with a consensus price target implying roughly 25% upside from current levels. Some firms have raised targets to €74–€80, citing improving revenue growth and a re-rating of earnings multiples as catalysts for narrowing the persistent discount to net asset value.

Several analysts have trimmed their fair value estimates — cutting from €51 to €44.59 — reflecting lower P/E assumptions and skepticism about Prosus's ability to close its NAV discount. One target gap of +68.3% signals how far the stock trades from even reduced analyst expectations.

Revenue is forecast to grow at a robust 19.7% per annum, outpacing both the Dutch and US markets. Morgan Stanley recently upgraded the stock, reflecting growing confidence in Prosus's earnings trajectory and balance sheet strength over the medium term.

Despite top-line growth, EPS is forecast to decline by 5.9–6.8% per annum, and earnings growth of just 1.6–1.8% per year falls well below the broader market average of ~15%. This divergence between revenue expansion and shrinking per-share earnings raises concerns about profitability quality.

Prosus holds a ~29% stake in Delivery Hero, which carries a majority buy consensus among analysts with price targets as high as €45. A recovery in food delivery valuations could meaningfully lift Prosus's net asset value and improve overall portfolio performance.

Delivery Hero's average 12-month analyst price target of €36.44 implies a downside of over 6% from current trading levels, with 2 sell ratings on the stock. Given Prosus's near-30% ownership, continued weakness in Delivery Hero directly pressures Prosus's NAV and investor sentiment.