Morgan Stanley analyst Nida Iqbal lowered the firm’s price target on Kaspi.kz (KSPI) to $115 from $127 and keeps an Overweight rating on the shares after having hosted an investor trip to Kazakhstan, Uzbekistan and Turkey last week. The firm came away positive post the trip and maintains an Overweight rating on Kaspi, but its 2025 group net income forecast is lowered by 6%, primarily driven by incorporation of losses in Turkey, and it acknowledges “patience is required given near-term headwinds.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KSPI:
- Kaspi.kz JSC Reports Strong Q1 2025 Revenue Growth Amid Comprehensive Income Challenges
- Kaspi.kz price target lowered to $130 from $140 at Susquehanna
- Kaspi.kz Reports Strong Q1 2025 Growth Amid Challenges
- Kaspi.kz JSC Earnings Call: Growth Amid Challenges
- Kaspi.kz reports Q1 revenue up 21% year-over-year