Susquehanna Downgrades Kaspi.kz (KSPI) to Neutral, Lowers PT to $87

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) is one of the most profitable new stocks to buy right now. On February 2, Susquehanna downgraded Kaspi.kz from Positive to Neutral, while reducing its price target from $130 to $87.

Earlier on December 4, JPMorgan analyst Reginald Smith maintained a Hold rating on Kaspi.kz while cutting the price target from $96 to $88. This adjustment reflected the firm’s 2026 fintech outlook, which anticipates slower sector growth driven by a softening labor market and the impact of tariffs. Although these macroeconomic factors present headwinds, Smith noted that the projected deceleration is expected to be partially mitigated by federal tax rate cuts in 2026.

In Q3 2025, Joint Stock Company Kaspi.kz (NASDAQ:KSPI) reported a 10% increase in overall revenue and a 12% rise in net income, supported by strong performance in its Fintech and Payments segments. Fintech revenue grew by 24%, while Payments saw an 18% increase in Total Payment Volume. The company also highlighted significant momentum in its E-grocery business, which saw a 53% surge in GMV, and its advertising sector, which grew 56% year-over-year.

Susquehanna Downgrades Kaspi.kz (KSPI) to Neutral, Lowers PT to $87

Joint Stock Company Kaspi.kz (NASDAQ:KSPI), together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine. It operates in three segments: Payments, Marketplace, and Fintech.

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.