13 Most Promising New Technology Stocks to Buy According to Hedge Funds

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

Number of Hedge Fund Holders: 33

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) is one of the Most Promising New Technology Stocks to Buy According to Hedge Funds. On August 4, Joint Stock Company Kaspi.kz (NASDAQ:KSPI) released its fiscal second-quarter results for 2025. The company posted mixed results as revenue of $1.79 billion grew 41.41% and topped analyst expectations by $337.07 million. However, the EPS of $2.50 missed the Wall Street consensus by $0.11.

Management noted that payment TPV and transactions grew 21% and 14% year-over-year. Moreover, the payment revenue and net income were up 16% and 19% year-over-year, respectively. Notably, Joint Stock Company Kaspi.kz (NASDAQ:KSPI) reaffirmed full-year guidance, expecting around 15% net-income growth.

Following the release, on August 20, Reginald Smith from J.P. Morgan reiterated a Hold rating on the stock with a price target of $96.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) is a Kazakhstan-based financial technology company that offers online payments, e-commerce, and digital banking services.

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