Joint Stock Company Kaspi.kz (KSPI)

KSPI Stock Forecast

Stock Price Forecast

The 2 analysts that cover KSPI stock have a consensus rating of "Buy" and an average price target of $113, which forecasts a 53.72% increase in the stock price over the next year. The lowest target is $96 and the highest is $130.

Price Target: $113 (+53.72%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$96	$113	$130	$130
Change	+30.59%	+53.72%	+76.85%	+76.85%

* Price targets were last updated on Aug 20, 2025.

Analyst Ratings

The average analyst rating for KSPI stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26
Strong Buy	1	1	1	1	1	0
Buy	1	1	1	1	1	1
Hold	1	1	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	3	3	3	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Reginald Smith JP Morgan	JP Morgan	Buy → Hold Downgrades $96	Buy → Hold	Downgrades	$96	+30.59%	Aug 20, 2025
Reginald Smith JP Morgan	JP Morgan	Buy Maintains $137 → $96	Buy	Maintains	$137 → $96	+30.59%	Aug 1, 2025
James Friedman Susquehanna	Susquehanna	Buy Maintains $140 → $130	Buy	Maintains	$140 → $130	+76.85%	May 13, 2025
Reginald Smith JP Morgan	JP Morgan	Buy Maintains $154 → $137	Buy	Maintains	$154 → $137	+86.37%	Dec 2, 2024
Ygal Arounian Citigroup	Citigroup	Strong Buy Initiates $140	Strong Buy	Initiates	$140	+90.45%	Nov 4, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

4.29T

Increased by 6.02%

from 4.05T

Revenue Next Year

4.97T

Increased by 15.93%

from 4.29T

EPS This Year

6.69K

Increased by 19.59%

from 5.60K

EPS Next Year

8.03K

Increased by 20.01%

from 6.69K

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	885.48B	1.27T	1.90T	2.54T	4.05T	4.29T	4.97T
Revenue Growth	46.88%	43.34%	49.90%	33.72%	59.04%	6.02%	15.93%
EPS	2,222.00	3,016.00	4,381.00	5,431.00	5,596.40	6,692.91	8,031.84
EPS Growth	64.96%	35.73%	45.26%	23.97%	3.05%	19.59%	20.01%
Forward PE	-	-	-	-	-	5.28	4.40
No. Analysts	-	-	-	-	-	8	7

Financial currency is KZT. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	5.2T	6.0T
Avg	4.3T	5.0T
Low	2.7T	3.3T

Revenue Growth

Revenue Growth	2026	2027
High	28.8%	39.2%
Avg	6.0%	15.9%
Low	-34.3%	-23.5%

EPS Forecast

EPS	2026	2027
High	7,430.31	8,934.67
Avg	6,692.91	8,031.84
Low	5,637.49	6,743.66

EPS Growth

EPS Growth	2026	2027
High	32.8%	33.5%
Avg	19.6%	20.0%
Low	0.7%	0.8%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.