5 Best New Stocks To Buy According To Analysts

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In this article, we discuss the 5 best new stocks to buy according to analysts. To read the detailed analysis of the IPO market, go directly to the 14 Best New Stocks To Buy According To Analysts.

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

IPO Date: 01/16/2024

Number of Hedge Fund Holders: N/A

Average Analyst Price Target Upside: 16.2%

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) is a Republic of Kazakhstan-based company that offers payments, marketplace, and fintech solutions. The company runs through Payments Platform, Marketplace Platform, and Fintech Platform segments.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) is one of the best new stocks to buy according to analysts. On May 7, New Street initiated coverage of the stock with a Buy rating and a $175 price target.

On April 22, Joint Stock Company Kaspi.kz (NASDAQ:KSPI) announced Q1 earnings. The net income reported was KZT 223 billion (1 KZT = US$0.0023 on May 10), which was up 28% year-over-year. The revenue surged 40.0% year-over-year to KZT 553 billion.

As of May 10, Joint Stock Company Kaspi.kz (NASDAQ:KSPI) has received Buy ratings from 6 Wall Street analysts. The average price target of $139.66 has an upside of 16.2% from current levels.

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