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Joint Stock Company Kaspi.kz (KSPI.US) Price Target and Rating 2026/2027

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Analysis framework by , founder of TradeDesk · Data: EODHD, insider trades from SEC Form 4 filings · Updated
Price history for Joint Stock Company Kaspi.kz (KSPI.US) – stock price at $0.00, October 2026
Joint Stock Company Kaspi.kz stock price – price development 2026. Updated Oct 4, 2026.
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Joint Stock Company Kaspi.kz 2026 Price Target

The average price target for Joint Stock Company Kaspi.kz is $107.89. This price target represents the analysts' view of the stock price over the next 12 months. The stock may be undervalued, because the price target is higher than the current price. The stock is 0% below the target, which can point to potential returns within the next 12 months if the analysts' view proves right. Also consider the stock's valuation ratios such as P/E, P/S and P/B, plus the technical analysis further down the page, for the full picture.

Is Joint Stock Company Kaspi.kz overvalued or undervalued?

Joint Stock Company Kaspi.kz is currently fairly valued with a gap of 0% relative to the price target.


The current price is $0.00, which places Joint Stock Company Kaspi.kz in the fairly valued category. The stock is considered undervalued when the price is below $97.10, and overvalued when the price exceeds $118.68.


The fair value range is defined as ±10% of the price target, because price targets are estimates rather than exact values. For Joint Stock Company Kaspi.kz, the fair value range lies between $97.10 and $118.68.


See the full price target analysis for Joint Stock Company Kaspi.kz →

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Analyst Ratings for Joint Stock Company Kaspi.kz stock in 2026: Buy

7 analysts cover Joint Stock Company Kaspi.kz. The ratings are mixed, with 57.1% Buy, 42.9% Hold and 0% Sell.

Consensus: Buy (4.14/5)
Strong Buy
4 (57.1%)
Hold
3 (42.9%)
Strong Sell Sell Hold Buy Strong Buy
4.14 out of 5 based on 7 analysts
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About Joint Stock Company Kaspi.kz – Software - Infrastructure

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine. The company operates through three segments: Payments, Marketplace, and Fintech. The Payments segment offers a platform that facilities transactions between and among merchants and consumers. This segment provides ways for consumers to pay for shopping transactions and regular household bills, as well as make peer to peer payments; and enables merchants to accept payment online and in store, issue and settle invoices, pay suppliers, and monitor merchant turnover. It also offers proprietary data, which facilitates informed decision-making across multiple areas of business. Its Marketplace Platform segment connects both online and offline merchants with consumers, enabling merchants to increase sales through an omnichannel strategy and allowing consumers to purchase products and services from various merchants. This segment operates marketplaces through m-commerce, a mobile solution for shopping in person; e-Commerce, which allows consumers to shop anywhere and anytime with free delivery; and Kaspi Travel that allows consumers to book domestic and international flights, domestic rail tickets, and international package holidays. It also enhances merchants' sales by connecting payments and fintech products, Kapsi advertising, and other delivery services. The Fintech Platform segment provides consumers with buy-now-pay-later, finance and savings products, and merchants with merchant finance services. It also involved in the banking; distressed asset management; real estate business; payment processing; online travel; e-grocery; classifieds; and storage and processing of information services. Joint Stock Company Kaspi.kz was incorporated in 2008 and is headquartered in Almaty, the Republic of Kazakhstan. Read more about the company

Key Figures for Joint Stock Company Kaspi.kz

$17.9B Market cap
$3.6T Revenue
Software - Infrastructure Industry
7.70 P/E
1.89 P/S
3.13 P/B
United States Listed on exchange
ir.kaspi.kz Website
Technology Sector

What kind of stock is Joint Stock Company Kaspi.kz?

Value stock Momentum stock

Joint Stock Company Kaspi.kz is classified as a value stock and momentum stock. This means the stock combines several attractive traits, and strong price momentum.

Score Overview for Joint Stock Company Kaspi.kz

💰 Value Score 85/100 (Very High)
⭐ Quality Score 59/100 (Neutral)
🚀 Momentum Score 77/100 (High)
📊 Total Score 73/100

⚠️ 1 red flag identified 1 critical

Our analysis has identified 1 potential risk factor in Joint Stock Company Kaspi.kz that investors should be aware of.

🚨 High debt: The debt-to-equity ratio is 448% – the company carries considerably more debt than equity, which raises the financial risk.

📈 Valuation

Joint Stock Company Kaspi.kz trades at a P/E ratio of 7.7, which is below the market average and can point to an attractive price. The P/S ratio is 1.9. The P/B ratio is 3.1.

💵 Profitability & Growth

Joint Stock Company Kaspi.kz has a profit margin of 24.2% (excellent). Return on equity (ROE) is 44.8% — excellent return on equity. Return on assets (ROA) is 13.5%. The latest quarterly earnings grew 0.2% year over year.

🏦 Financial Health

The Piotroski score is 6 out of 9 — good financial health. Altman Z2 is 2.91 (healthy balance sheet — low risk). The debt-to-equity ratio (D/E) is 448.5% — high debt, which raises the risk.

🚀 Momentum & Short Interest

Short interest is 0.83% — low, the market does not expect a decline.

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When Does Joint Stock Company Kaspi.kz Report Earnings – Next Date: Nov 9, 2026

The next earnings report from Joint Stock Company Kaspi.kz is scheduled for November 9, 2026. This report covers the third quarter (Q3), which ended on September 30, 2026.



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Technical Analysis of Joint Stock Company Kaspi.kz 2026 – Signal: Hold

Overall Technical Signal: Hold

Based on trend analysis (SMA50/SMA200) and MACD trend (positive/negative on a daily + weekly basis). Updated October 4, 2026.

Technical analysis of Joint Stock Company Kaspi.kz (KSPI.US) – RSI 43, MACD negative (bearish), daily candlestick chart October 2026
Joint Stock Company Kaspi.kz technical analysis – candlestick chart with RSI, MACD and volume profile. Updated Oct 4, 2026.

Trend Analysis of Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz is in a short-term downtrend. The price of $94.05 is 3.2% below the 20-day average ($97.19). Medium term, the picture is negative: the price is 2.4% below the 50-day average ($96.32). Long term, the stock is 15.0% above the 200-day average ($81.80), which confirms a long-term uptrend.

Golden Cross: The 50-day average (96.32) is above the 200-day average (81.80), which is a classic bullish signal for Joint Stock Company Kaspi.kz.

Is Joint Stock Company Kaspi.kz overbought or oversold?

Joint Stock Company Kaspi.kz has an RSI of 43.2. The stock sits in the lower part of the neutral zone, which points to weak momentum without being oversold.

MACD Analysis for Joint Stock Company Kaspi.kz

Daily MACD: MACD is negative (-1.225), which means the short-term trend is bearish (the 12-day EMA is below the 26-day EMA). MACD is below the signal line (-0.585) by 0.640, which confirms growing negative momentum in the downtrend.

Weekly MACD: MACD5 is positive (5.432), which indicates a broader bullish long-term trend. MACD5 is above the signal line (5.199) by 0.233, which confirms rising long-term momentum.

Overall MACD assessment: The daily and weekly MACD give conflicting signals. The long-term trend is bullish, but the short-term trend is bearish. Short-term momentum is still falling – a deeper pullback is possible.

Risk Profile for Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz has an annual standard deviation of 0.0%, which classifies the stock as Conservative. Price swings are limited, and the stock suits conservative investors.

Overall Technical Conclusion for Joint Stock Company Kaspi.kz

Trend: Neutral/mixed.

MACD trend (zero line): Daily bearish (-1.225). Weekly bullish (5.432).

MACD momentum (signal): Daily falling. Weekly rising.

RSI: 43.2 – neutral.

Technical signal: Hold

The signals are mixed – trend and MACD point in different directions. Wait until MACD crosses the zero line in the direction of the trend before acting.

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Frequently Asked Questions About Joint Stock Company Kaspi.kz stock in 2026

Should you buy Joint Stock Company Kaspi.kz stock now?
The technical signal for Joint Stock Company Kaspi.kz is currently Hold. Joint Stock Company Kaspi.kz trades at $0.00 as of Oct 4, 2026. The technical analysis shows the following: MACD is negative (bearish trend) at -1.225 with falling momentum (signal: -0.585); RSI is at 43.2 (neutral zone). This is a technical observation based on current data, not investment advice.
What is the price target for Joint Stock Company Kaspi.kz stock?
There is currently no active analyst price target for Joint Stock Company Kaspi.kz.
Is Joint Stock Company Kaspi.kz a dividend stock?
No, Joint Stock Company Kaspi.kz does not currently pay a dividend to shareholders. The company reinvests its profits in growth instead of paying dividends.
What is the risk of Joint Stock Company Kaspi.kz stock?
Joint Stock Company Kaspi.kz is rated as a stock in the risk category Conservative. the annual standard deviation is 0.0%, which classifies the stock as Conservative.
Is Joint Stock Company Kaspi.kz overvalued?
Joint Stock Company Kaspi.kz has the following valuation ratios: a P/E ratio of 7.7 (lowly valued), a P/S ratio of 1.9, a P/B ratio of 3.1.
Is Joint Stock Company Kaspi.kz overbought?
No, Joint Stock Company Kaspi.kz is not overbought. RSI is at 43.2 (neutral zone). The technical indicators show: RSI is at 43.2 (neutral zone between 30-70), which signals neither overbought nor oversold. In addition, MACD is negative with falling momentum (bearish).
When is the next Joint Stock Company Kaspi.kz earnings report?
Joint Stock Company Kaspi.kz reports its next earnings on November 9, 2026. The stock currently trades at $0.00. With a P/E ratio of 7.7, the market will be watching closely whether earnings meet expectations.
Is Joint Stock Company Kaspi.kz shorted?
Joint Stock Company Kaspi.kz has minimal short interest of 0.83% of the free float, which is insignificant and points to very limited bearish sentiment.
Are insiders buying Joint Stock Company Kaspi.kz stock?
There is currently no registered insider trading for Joint Stock Company Kaspi.kz.
Is Joint Stock Company Kaspi.kz a good stock?
Based on our total score, Joint Stock Company Kaspi.kz is rated as a good stock with a total score of 73 out of 100. The stock scores above average on value, quality and momentum – it is among the top 27% in our database. The score is made up of Value: 85/100, Quality: 59/100, Momentum: 77/100. In addition: technical signal: Hold. Whether Joint Stock Company Kaspi.kz is a good investment depends on your time horizon, risk profile and portfolio. This is a data-driven observation, not investment advice.
What is the outlook for Joint Stock Company Kaspi.kz stock?
The outlook for Joint Stock Company Kaspi.kz based on current data: the next earnings report is due on Nov 9, 2026, which can move the price; the P/E ratio is 7.7 (low – a possible value stock). Keep in mind that stock prices are affected by many factors, including earnings reports, the economy and market sentiment. Past returns are no guarantee of future returns.
Why is Joint Stock Company Kaspi.kz stock moving?
Joint Stock Company Kaspi.kz is moving right now. The technical indicators show: MACD is negative with falling momentum (bearish signal). For the latest context, see our technical analysis and insider section above.
How high can Joint Stock Company Kaspi.kz go?
There is currently no active analyst price target for Joint Stock Company Kaspi.kz. The stock has traded between $64.24 and $107.58 over the last 52 weeks. The price is 100.0% below the 52-week high, which can indicate potential if the underlying fundamentals are intact. Keep in mind that price targets are estimates, not guarantees. Actual price moves depend on earnings, market conditions and unexpected events.
How low can Joint Stock Company Kaspi.kz fall?
We lack enough history to give a specific floor for Joint Stock Company Kaspi.kz. Remember: past price swings are no guarantee for the future — a stock can fall further than the last 52 weeks suggest, especially on profit warnings, sector crises or a market crash. Use stop-loss orders and spread your portfolio to limit losses in single stocks.
What does Joint Stock Company Kaspi.kz do?
Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine. The company operates through three segments: Payments, Marketplace, and Fintech. The Payments... The company belongs to the Technology sector, more specifically the Software - Infrastructure industry, is headquartered in United States, and is traded on the USA Stocks. See the key figures, earnings history and price development above to evaluate Joint Stock Company Kaspi.kz as an investment.
Did Joint Stock Company Kaspi.kz raise or lower its guidance?
Over the last 60 days we have not registered a guidance raise or cut from Joint Stock Company Kaspi.kz. The company can still adjust its guidance at quarterly reports or between reports — see the earnings history above.
Is Joint Stock Company Kaspi.kz making money or losing money?
Yes, Joint Stock Company Kaspi.kz is making money, not losing it. The company has a profit margin (the share of revenue left over as profit) of 24.2% — which is excellent. At a P/E ratio of 7.7, you currently pay 7.7 dollars for every dollar of the company's annual earnings. A consistently profitable company is usually more resilient than growth stocks that are not yet making money.
Can Joint Stock Company Kaspi.kz go bankrupt?
The bankruptcy risk of Joint Stock Company Kaspi.kz is rated as low. Altman Z2 (a model for assessing financial distress) is 2.91 — that places the company in the healthy zone. The company has a healthy balance sheet with limited debt relative to earnings and assets. The Piotroski score (financial health 0-9, higher is better) is 6 — which is average. Debt relative to equity is 448% (high). Remember: models like Altman Z2 are statistical — unexpected shocks (fraud, a sector collapse, lawsuits) can always happen. Spread your portfolio.
Does Joint Stock Company Kaspi.kz have a lot of debt?
Yes, Joint Stock Company Kaspi.kz has elevated debt relative to equity. The debt-to-equity ratio (D/E — interest-bearing debt to equity) is 448%. For the technology sector, anything above 120% counts as elevated — that raises the financial risk, especially if interest rates rise or earnings fall. Tech companies are usually asset-light and need little borrowed capital — anything below 60% counts as low in this sector. Note: D/E levels are highly sector-specific — a bank at 300% debt is normal, a tech stock at 300% is extremely leveraged. Always compare with similar companies in the same sector. Can Joint Stock Company Kaspi.kz service its debt? Can service its debt, but it weighs on the company — the interest coverage ratio (how many times earnings can cover interest payments) is 2.2x, and net debt equals 0.1 years of earnings (EBITDA).
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