11 Hot New Stocks to Invest in Now

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9. Joint Stock Company Kaspi.kz (NASDAQ:KSPI)

Number of Hedge Fund Holders: 35

Analyst Upside Potential: 36.41%

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) is one of the 11 Hot New Stocks to Invest in Now. On May 12, Joint Stock Company Kaspi.kz (NASDAQ:KSPI) released its Q1 2025 results, after which Susquehanna analyst James Friedman lowered the firm’s price target on the stock from $140 to $130, while maintaining a Buy rating.

The analyst acknowledged that the company delivered very impressive organic growth and strong results during the first quarter. Joint Stock Company Kaspi.kz (NASDAQ:KSPI) reported growing its revenue by 21% year-over-year and net income by 16% year-over-year. Despite the robust Q1, Friedman noted that the last few weeks of March and April showed signs of slowing momentum. This shift has led to more cautious expectations for the company’s near-term performance.

Therefore, the reduced price target is due to the broader macroeconomic challenges, which are expected to impact Joint Stock Company Kaspi.kz (NASDAQ:KSPI)’s growth trajectory going forward.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) is a leading financial technology company based in Kazakhstan. It provides a wide range of digital services for both retail and business customers.

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