Morgan Stanley Lowered the Firm’s PT on Joint Stock Company Kaspi.kz (KSPI), Maintained a Buy Rating

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) is one of the Best 52-Week Low Stocks to Buy According to Analysts. On June 17, Morgan Stanley analyst Nida Iqbal lowered the firm’s price target on Joint Stock Company Kaspi.kz (NASDAQ:KSPI) from $127 to $115, while maintaining an Overweight rating on the stock.

The revised price target comes after the firm returned from an investors’ trip to Kazakhstan, Uzbekistan, and Turkey. Morgan Stanley remained positive about Joint Stock Company Kaspi.kz (NASDAQ:KSPI) after the trip; however, they decreased the group’s net income forecast for 2025 by 6%. This was due to the expected losses from the company’s operations in Turkey.

Morgan Stanley Lowered the Firm's PT on Joint Stock Company Kaspi.kz (KSPI), Maintained a Buy Rating

The firm advises investors to be patient because there are near-term challenges ahead. They believe the company will face some headwinds but has good prospects in the medium to long term.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) is a leading fintech and e-commerce company based in Kazakhstan. It provides an integrated ecosystem of services including online payments, digital banking, and a marketplace for shopping.

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.