Goldman Sachs Upgrades Kaspi.kz (KSPI) to Buy: Potential for Significant Gains

Reported 2 days ago

Goldman Sachs has upgraded Joint Stock Company Kaspi.kz (NASDAQ:KSPI) from Neutral to Buy, adjusting the price target to $107, suggesting a 42% upside. Despite facing regulatory challenges and a 25% drop in stock value over the past year, analyst Mikhail Butkov believes the company is undervalued compared to its earnings potential. Investors await further insights during the upcoming third-quarter earnings call on November 10, 2025.

Source: YAHOO

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