Susquehanna Downgrades Kaspi.kz (KSPI) to Neutral, Lowers PT to $87

KSPI +3.48%

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) is one of the most profitable new stocks to buy right now. On February 2, Susquehanna downgraded Kaspi.kz from Positive to Neutral, while reducing its price target from $130 to $87.

Earlier on December 4, JPMorgan analyst Reginald Smith maintained a Hold rating on Kaspi.kz while cutting the price target from $96 to $88. This adjustment reflected the firm’s 2026 fintech outlook, which anticipates slower sector growth driven by a softening labor market and the impact of tariffs. Although these macroeconomic factors present headwinds, Smith noted that the projected deceleration is expected to be partially mitigated by federal tax rate cuts in 2026.

In Q3 2025, Joint Stock Company Kaspi.kz (NASDAQ:KSPI) reported a 10% increase in overall revenue and a 12% rise in net income, supported by strong performance in its Fintech and Payments segments. Fintech revenue grew by 24%, while Payments saw an 18% increase in Total Payment Volume. The company also highlighted significant momentum in its E-grocery business, which saw a 53% surge in GMV, and its advertising sector, which grew 56% year-over-year.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI), together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine. It operates in three segments: Payments, Marketplace, and Fintech.

While we acknowledge the potential of KSPI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.