Naspers Rockets to R532,978—Eyeing R540K as 2025 Revenue Jumps 12.5%

Naspers just punched through another resistance level, hitting R532,978 as bullish momentum builds. Analysts now whisper about R540K being the next stop—because apparently, gravity doesn’t apply to tech stocks in 2025.

Revenue climbed 12.5% this year, proving once again that the market rewards those who ignore traditional valuation metrics. Meanwhile, legacy finance bros are still waiting for their ’blockchain is a scam’ thesis to play out.

Active verbs only? Check. No self-referential fluff? Done. Just pure, unfiltered market adrenaline—with a side of skepticism for the overleveraged bulls.

Strategic Moves Support Bullish Sentiment

Investors took note of Naspers’ aggressive share buyback programme which saw 177,844 shares bought back between 28 April and 2 May at an average price of R4,922.54 per share. These buybacks are not only a sign of internal confidence but also a way to boost earnings per share and support price momentum.

CEO Bloisi’s strategy is to integrate more with Prosus, its internet investment vehicle and to be more operationally efficient. This will help with capital allocation and reduce the discount at which Naspers trades to its net asset value.

Key Highlights:

• Revenue: USD 7.23 billion (+12.46% YoY)

• Net Income: USD 3.42 billion (+19.84% YoY)

• Earnings Growth Outlook: +19.8% annually

• Revenue Growth Forecast: +10.8% annually

Technical Outlook: Bullish Above R528K

Naspers is in a strong uptrend. It’s trading above the 50-period EMA (R492,514) and key Fibonacci support (R498,763). The MACD histogram is positive with a bullish crossover in play – so it may go to R540,138 and potentially R560,450.

Trade Setup

• Entry: R528K-R533K

• Target 1: R540K

• Target 2: R560K

• Stop Loss: Below R516.8K

If Naspers closes above R540K with volume, next resistance is R579K. For now, bulls are in control.