Prosus updates buyback while Jefferies cuts target for Prosus stock
Published on 10/02/2026 at 17:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Prosus (ISIN NL0013654783) was trading at EUR 34.75 at Lang & Schwarz on October 2, 2026 at 5:00 p.m. CEST, down 0.37 percent from the prior close of EUR 34.88. The company updated its repurchase program on September 22, 2026, while Jefferies cut its Prosus target from EUR 66.50 to EUR 55.90 and kept a Buy rating on September 10, 2026.
Buyback reaches EUR 77.1 million
According to Prosus on September 22, 2026, Prosus repurchased 2,155,408 shares between September 14 and September 18 at an average price of EUR 35.77 per share. The total consideration was EUR 77.1 million, giving the program a concrete capital-return scale even as the stock traded below that average purchase price on October 2.
The latest update covers an open-ended program for Prosus and Naspers shares. The company said the repurchases were conducted under European market-abuse rules, with the release dated September 22, 2026.
Revenue rose 57.29 percent
Stock Analysis reports that Prosus revenue reached USD 9.71 billion in fiscal year 2026, up 57.29 percent from USD 6.17 billion in fiscal year 2025. The comparison gives the buyback a broader operating backdrop: the portfolio expanded sharply, but valuation expectations still depend on how much of that growth converts into repeatable earnings and cash flow.
The same fiscal-year data show earnings of USD 11.64 billion, down 5.89 percent from USD 12.37 billion in fiscal year 2025. That contrast between higher revenue and lower earnings makes operating quality more important than the headline sales increase.
Target remains above the price
According to finanzen.at on September 10, 2026, Jefferies analyst Giles Thorne lowered the Prosus target from EUR 66.50 to EUR 55.90 while retaining Buy. The revised target lies 60.86 percent above the Lang & Schwarz price of EUR 34.75, calculated in the same currency.
Prosus is listed on Euronext Amsterdam under ticker PRX.AS. Its Internet Services portfolio includes food delivery, e-commerce, payments, classifieds, travel booking and online education, which leaves the share sensitive to both growth execution and the value of its investment holdings.
Prosus stock trades below EUR 35
Prosus stock was trading at EUR 34.75 at Lang & Schwarz on October 2, 2026 at 5:00 p.m. CEST, minus 0.37 percent versus the Lang & Schwarz prior close of EUR 34.88 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Prosus stock.
Prosus stock facts
- Company: Prosus N.V.
- ISIN: NL0013654783
- Ticker: PRX.AS
- Primary exchange: Euronext Amsterdam
- Price Lang & Schwarz as of October 2, 2026 at 5:00 p.m. CEST: EUR 34.75
- Change versus prior close: minus 0.37 percent
- Prior close Lang & Schwarz October 1, 2026: EUR 34.88
- Sector / Industry: Communication Services / Internet Services
