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 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.
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 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.
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This article is originally published at Insider Monkey.
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