11 Most Promising New Technology Stocks According to Analysts

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

Analyst Upside Potential: 56.05%

Number of Hedge Fund Holders: 27

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) is a leading financial technology company based in Kazakhstan. It provides a broad range of services, including online payments, e-commerce, and digital banking. Its key operations include the Mass Retail Segment, Corporate and business, Payments platform, Marketplace platform, and Fintech platform.

On March 27, the company announced that it had signed a share purchase agreement to acquire Rabobank A.S, the Turkish subsidiary of the Netherlands-based Rabobank Group. This aligns with the company’s plans to expand into Turkey. Joint Stock Company Kaspi.kz (NASDAQ:KSPI) reported its fiscal Q1 2025 results on May 12. The company grew its revenue by 21% year-over-year and net income by 16% during the same time, driven by increased customer engagement. All three segments posted double digit growth with Marketplace platform taking the lead at 33% year-over-year growth. The Marketplace platform segment was driven by a stand-out performance by e-Grocery which grew GMV by 64% year-over-year.

Looking ahead, Joint Stock Company Kaspi.kz (NASDAQ:KSPI) has raised its 2025 consolidated net income growth guidance from 20% to 15% year-over-year growth during the year. It is one of the most promising new technology stocks according to analysts.

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