JPMorgan Noted Kaspi.kz’s (KSPI) Softening 2026 Fintech Outlook, Lowered PT

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) is one of the best new tech stocks to buy right now. On December 4, JPMorgan analyst Reginald Smith lowered the firm’s price target on Kaspi.kz to 88from88 from 96 and kept a Neutral rating on the shares as the firm broadly updated its 2026 outlook on the financial technology group. JPMorgan forecasts a soft-landing grind for the sector in 2026, predicting slowing real growth due to a weakening labor market and the delayed impact of tariffs. In Q3 2025, the company r ...