J.P. Morgan Remains a Hold on Joint Stock Company (KSPI) Since its FQ2 2025 Earnings Release

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.

J.P. Morgan Remains a Hold on Joint Stock Company (KSPI) Since its FQ2 2025 Earnings Release

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.

While we acknowledge the potential of KSPI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than KSPI and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.