Analysts from Freedom Broker recommend buying shares of Kaspi.kz, a fintech company, following the publication of its third-quarter 2024 financial statements. They expect the price of the company’s American Depositary Share (ADS) to rise by 22%, increasing from $108.40 to $132 on Nasdaq.
«We have updated overall financial indicators in our valuation model, most of which have remained at the same level. We have also reduced the equity value, resulting in a price update for one ADS of Kaspi.kz, now set at $132, with a 22% growth potential from the current price. Thus, we have upgraded...