UBS has raised its price target for Prosus from 65 euros to 69 euros, while maintaining a "Buy" rating for the internet investment holding company.
Analyst Jo Barnet-Lamb noted positive figures from Prosus's first half of the financial year in a commentary released on Tuesday.
The report also mentioned that mergers and acquisitions are becoming more relevant for the company, indicating potential strategic moves in the near future.
This adjustment reflects UBS's confidence in Prosus's growth prospects and market position.