Susquehanna Increases Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Price Target to $100.00

Key Points

• Susquehanna raised Kaspi.kz’s price target from $95 to $100 while maintaining a neutral rating, implying approximately 2.22% upside from the stock’s current price.
• Analyst sentiment remains cautious: the consensus rating is Hold, with one Buy rating and four Hold ratings, and an average target price of $101.
• Kaspi.kz shares rose 2.6% to $97.83, near their 12-month high of $99.20; institutional investors and hedge funds own 32.2% of the company.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report) had its target price lifted by analysts at Susquehanna from $95.00 to $100.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Susquehanna's target price would indicate a potential upside of 2.22% from the stock's current price.

Several other research firms have also issued reports on KSPI. Weiss Ratings reiterated a "hold (c)" rating on shares of Joint Stock Company Kaspi.kz in a research report on Friday. Zacks Research lowered shares of Joint Stock Company Kaspi.kz from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, Joint Stock Company Kaspi.kz currently has a consensus rating of "Hold" and an average target price of $101.00.

Joint Stock Company Kaspi.kz Stock Up 2.6%

Shares of KSPI stock traded up $2.47 during trading on Wednesday, reaching $97.83. 365,231 shares of the company's stock were exchanged, compared to its average volume of 499,467. The stock has a market capitalization of $18.59 billion, a PE ratio of 9.02 and a beta of 0.97. The firm's fifty day moving average price is $86.90 and its 200-day moving average price is $82.03. Joint Stock Company Kaspi.kz has a twelve month low of $68.59 and a twelve month high of $99.20.

Institutional Trading of Joint Stock Company Kaspi.kz

Several institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its stake in Joint Stock Company Kaspi.kz by 2,683.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 501 shares of the company's stock valued at $37,000 after acquiring an additional 483 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Joint Stock Company Kaspi.kz during the 2nd quarter valued at approximately $41,000. FNY Investment Advisers LLC raised its holdings in shares of Joint Stock Company Kaspi.kz by 52.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 789 shares of the company's stock worth $68,000 after purchasing an additional 271 shares during the period. Ramsey Quantitative Systems purchased a new stake in Joint Stock Company Kaspi.kz in the second quarter worth $159,000. Finally, Advisory Services Network LLC increased its holdings in Joint Stock Company Kaspi.kz by 15.3% in the 4th quarter. Advisory Services Network LLC now owns 3,787 shares of the company's stock worth $296,000 after acquiring an additional 502 shares during the last quarter. 32.20% of the stock is owned by hedge funds and other institutional investors.

About Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz is a leading financial technology and e-commerce group headquartered in Almaty, Kazakhstan. The company has built one of the country’s largest digital ecosystems, offering a suite of integrated services that span consumer banking, payments, online marketplaces and merchant acquiring. Through its mobile and web platforms, Kaspi.kz aims to simplify everyday financial and shopping activities for individuals and businesses across Kazakhstan.

The company’s core offerings include digital banking solutions such as deposit accounts, digital wallets and money transfers, alongside consumer lending products that enable point-of-sale financing and “buy now, pay later” purchases.

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