Kaspi.kz Stock Analysis and Rating Changes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy KSPI?
Source: Yahoo Finance
- Rating Adjustment: Susquehanna downgraded Joint Stock Company Kaspi.kz (NASDAQ:KSPI) from a Positive to Neutral rating and reduced the price target from $130 to $87, indicating a cautious market sentiment despite a potential upside of 17%.
- Optimistic Outlook: Citi reaffirmed a Buy rating on January 15 with a price target of $100, reflecting long-term confidence in Kaspi.kz, even as market sentiment remains mixed.
- Financial Report Announcement: Kaspi.kz is set to disclose its financial report on March 2, 2026, for the year ending December 31, 2025, with management emphasizing that 2025 will be an “investment year” to lay the groundwork for future growth.
- Market Sentiment Analysis: Currently, 43% of analysts are bullish on Kaspi.kz, 43% are neutral, and 14% are bearish, with a median price target of $89.63, indicating a 20.36% upside potential and reflecting the complex views on its future performance.
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Analyst Views on KSPI
Wall Street analysts forecast KSPI stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 72.100
Low
107.00
Averages
107.00
High
107.00
Current: 72.100
Low
107.00
Averages
107.00
High
107.00
About KSPI
Kaspi.kz AO (Joint Stock Company Kaspi.kz), formerly Aktsionernoe obshchestvo kaspi, is a Kazakhstan-based financial technology company, which provide a range of services such as online payments, e-commerce, and digital banking. The Company operates as holding company for Kaspi Group AO and Kaspi Magazin TOO. The Company operates through two segments. Mass retail offers a wide range of products and financial services to retail customers through a network of branches, offices, and automated teller machine (ATM). These products include savings and current accounts, credit cards, car loans and commodity loans, as well as a wide range of insurance policies. Financial services for corporate, middle, and small, and other businesses segment, including deposits, overdrafts, loans and other credit services and currency exchange.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Kaspi.kz Stock Analysis and Rating Changes
- Rating Adjustment: Susquehanna downgraded Joint Stock Company Kaspi.kz (NASDAQ:KSPI) from a Positive to Neutral rating and reduced the price target from $130 to $87, indicating a cautious market sentiment despite a potential upside of 17%.
- Optimistic Outlook: Citi reaffirmed a Buy rating on January 15 with a price target of $100, reflecting long-term confidence in Kaspi.kz, even as market sentiment remains mixed.
- Financial Report Announcement: Kaspi.kz is set to disclose its financial report on March 2, 2026, for the year ending December 31, 2025, with management emphasizing that 2025 will be an “investment year” to lay the groundwork for future growth.
- Market Sentiment Analysis: Currently, 43% of analysts are bullish on Kaspi.kz, 43% are neutral, and 14% are bearish, with a median price target of $89.63, indicating a 20.36% upside potential and reflecting the complex views on its future performance.
See More
PayPal's CEO Change Sparks Stock Volatility
- Executive Shakeup Impact: PayPal's CEO Alex Chris is replaced after less than two years, resulting in a nearly 20% drop in stock price following earnings reports, indicating strong market reaction to management changes that could undermine investor confidence.
- Performance Decline Warning: While PayPal reported a 9% increase in total payment volume, a 5% drop in transactions per active account highlights challenges in user growth and profitability, potentially affecting future market competitiveness.
- New CEO Challenges: The appointment of Enrique Lores raises concerns due to his lackluster performance at HP, leading investors to question his ability to effectively drive PayPal's transformation, which may impact the company's strategic direction.
- Market Valuation Slump: With a current P/E ratio around 8.5, significantly below market averages, PayPal is seen as a value investment opportunity; however, investor concerns about future growth may lead to further stock price pressure.
See More
PayPal CEO Change Triggers Significant Stock Drop
- Executive Shakeup Impact: PayPal's CEO Alex Chris is replaced after less than two years, leading to a nearly 20% drop in stock price, indicating investor unease about the company's future direction amidst challenges in the payment processing sector.
- Performance Decline Warning: Despite a 5% drop in transaction volume over the past year, PayPal is focusing on its most profitable products, yet skepticism about new CEO Enrique Lores' capabilities has resulted in significant stock volatility.
- Investor Confidence Eroded: PayPal's stock has fallen approximately 27% during Chris's tenure and nearly 43% from its peak, reflecting a decline in investor trust in management, particularly in a fiercely competitive market.
- Uncertain Future Outlook: Although PayPal's current P/E ratio is just 8.5, significantly below market levels, some analysts view this as a potential value trap, while others believe there are still growth opportunities under new leadership.
See More
KSPI Stock Analysis: 52-Week Low at $70.61 and Current Trade at $83.25
- Price Fluctuation: KSPI's 52-week low stands at $70.61, with a high of $111.45, and the current trading price at $83.25 indicates stability within this range, which may influence investor confidence and market expectations.
- Technical Indicators: The current price of $83.25 is above the 200-day moving average, suggesting a potential upward trend in the short term, attracting the attention of technical analysts and possibly triggering more buy signals.
- Market Sentiment: Despite fluctuations within the 52-week range, the current price reflects a degree of market support, potentially indicating investor confidence in the company's fundamentals, which could impact future investment decisions.
- Investor Focus: As the stock price approaches its 52-week high, investors may closely monitor market dynamics to assess KSPI's future performance and potential investment opportunities.
See More
Kaspi.kz to Acquire Rabobank's Turkish Subsidiary, Expected Closure in Mid-2026
- Acquisition Agreement Signed: On March 27, 2025, Kaspi.kz signed a share purchase agreement with Rabobank Group to acquire its Turkish subsidiary, with the transaction expected to close in mid-2026, marking a strategic expansion into international markets.
- Regulatory Approvals Pending: The completion of this transaction is subject to obtaining necessary regulatory approvals and satisfying all customary closing conditions, which not only affects the timeline but may also impact market confidence in Kaspi.kz in the short term.
- Market Position Enhancement: By acquiring Rabobank A.Ş., Kaspi.kz will further solidify its market position in Turkey, enhancing its competitiveness in the e-commerce and fintech sectors, particularly in collaboration with Hepsiburada.
- Innovation-Driven Growth: Kaspi.kz is committed to driving innovation through its two-sided Super App model, and this acquisition is expected to provide additional resources to develop digital products that meet user needs, further boosting the company's profitability and market share growth.
See More
Kaspi.kz Reports Third Quarter Results
Revenue Growth: In Q3 2025, total revenue excluding Türkiye rose by 20% year-over-year to KZT797 billion, while including Türkiye, revenue reached KZT1.1 trillion.
Net Income Increase: Consolidated net income excluding Türkiye increased by 12% year-over-year to KZT307 billion, with a 21% increase when excluding certain factors like smartphones GMV and regulatory changes.
Transaction Volume Rise: Transaction volumes grew by 14% year-over-year in Q3 2025, driven by the popularity of Kaspi Pay and fast adoption of B2B Payments.
Future Outlook: The company plans to balance returning excess capital to shareholders through buybacks and dividends while investing in long-term growth, with expectations for continued growth in B2B Payments.
See More
Kaspi.kz Stock Analysis and Rating Changes
- Rating Adjustment: Susquehanna downgraded Joint Stock Company Kaspi.kz (NASDAQ:KSPI) from a Positive to Neutral rating and reduced the price target from $130 to $87, indicating a cautious market sentiment despite a potential upside of 17%.
- Optimistic Outlook: Citi reaffirmed a Buy rating on January 15 with a price target of $100, reflecting long-term confidence in Kaspi.kz, even as market sentiment remains mixed.
- Financial Report Announcement: Kaspi.kz is set to disclose its financial report on March 2, 2026, for the year ending December 31, 2025, with management emphasizing that 2025 will be an “investment year” to lay the groundwork for future growth.
- Market Sentiment Analysis: Currently, 43% of analysts are bullish on Kaspi.kz, 43% are neutral, and 14% are bearish, with a median price target of $89.63, indicating a 20.36% upside potential and reflecting the complex views on its future performance.
See More
PayPal's CEO Change Sparks Stock Volatility
- Executive Shakeup Impact: PayPal's CEO Alex Chris is replaced after less than two years, resulting in a nearly 20% drop in stock price following earnings reports, indicating strong market reaction to management changes that could undermine investor confidence.
- Performance Decline Warning: While PayPal reported a 9% increase in total payment volume, a 5% drop in transactions per active account highlights challenges in user growth and profitability, potentially affecting future market competitiveness.
- New CEO Challenges: The appointment of Enrique Lores raises concerns due to his lackluster performance at HP, leading investors to question his ability to effectively drive PayPal's transformation, which may impact the company's strategic direction.
- Market Valuation Slump: With a current P/E ratio around 8.5, significantly below market averages, PayPal is seen as a value investment opportunity; however, investor concerns about future growth may lead to further stock price pressure.
See More
PayPal CEO Change Triggers Significant Stock Drop
- Executive Shakeup Impact: PayPal's CEO Alex Chris is replaced after less than two years, leading to a nearly 20% drop in stock price, indicating investor unease about the company's future direction amidst challenges in the payment processing sector.
- Performance Decline Warning: Despite a 5% drop in transaction volume over the past year, PayPal is focusing on its most profitable products, yet skepticism about new CEO Enrique Lores' capabilities has resulted in significant stock volatility.
- Investor Confidence Eroded: PayPal's stock has fallen approximately 27% during Chris's tenure and nearly 43% from its peak, reflecting a decline in investor trust in management, particularly in a fiercely competitive market.
- Uncertain Future Outlook: Although PayPal's current P/E ratio is just 8.5, significantly below market levels, some analysts view this as a potential value trap, while others believe there are still growth opportunities under new leadership.
See More
KSPI Stock Analysis: 52-Week Low at $70.61 and Current Trade at $83.25
- Price Fluctuation: KSPI's 52-week low stands at $70.61, with a high of $111.45, and the current trading price at $83.25 indicates stability within this range, which may influence investor confidence and market expectations.
- Technical Indicators: The current price of $83.25 is above the 200-day moving average, suggesting a potential upward trend in the short term, attracting the attention of technical analysts and possibly triggering more buy signals.
- Market Sentiment: Despite fluctuations within the 52-week range, the current price reflects a degree of market support, potentially indicating investor confidence in the company's fundamentals, which could impact future investment decisions.
- Investor Focus: As the stock price approaches its 52-week high, investors may closely monitor market dynamics to assess KSPI's future performance and potential investment opportunities.
See More
Kaspi.kz to Acquire Rabobank's Turkish Subsidiary, Expected Closure in Mid-2026
- Acquisition Agreement Signed: On March 27, 2025, Kaspi.kz signed a share purchase agreement with Rabobank Group to acquire its Turkish subsidiary, with the transaction expected to close in mid-2026, marking a strategic expansion into international markets.
- Regulatory Approvals Pending: The completion of this transaction is subject to obtaining necessary regulatory approvals and satisfying all customary closing conditions, which not only affects the timeline but may also impact market confidence in Kaspi.kz in the short term.
- Market Position Enhancement: By acquiring Rabobank A.Ş., Kaspi.kz will further solidify its market position in Turkey, enhancing its competitiveness in the e-commerce and fintech sectors, particularly in collaboration with Hepsiburada.
- Innovation-Driven Growth: Kaspi.kz is committed to driving innovation through its two-sided Super App model, and this acquisition is expected to provide additional resources to develop digital products that meet user needs, further boosting the company's profitability and market share growth.
See More
Kaspi.kz Reports Third Quarter Results
Revenue Growth: In Q3 2025, total revenue excluding Türkiye rose by 20% year-over-year to KZT797 billion, while including Türkiye, revenue reached KZT1.1 trillion.
Net Income Increase: Consolidated net income excluding Türkiye increased by 12% year-over-year to KZT307 billion, with a 21% increase when excluding certain factors like smartphones GMV and regulatory changes.
Transaction Volume Rise: Transaction volumes grew by 14% year-over-year in Q3 2025, driven by the popularity of Kaspi Pay and fast adoption of B2B Payments.
Future Outlook: The company plans to balance returning excess capital to shareholders through buybacks and dividends while investing in long-term growth, with expectations for continued growth in B2B Payments.
See More
