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Stock impact report

Hedge Are Bullish on Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Right After Its IPO [Yahoo! Finance]

Joint Stock Company Kaspi.kz (KSPI) 
Company Research Source: Yahoo! Finance
Kaspi.kz (NASDAQ:KSPI), which is the best up-and-coming stock to buy now and has caught investor attention in the first quarter of its IPO. Despite the concerns surrounding the market over the last few years, the broader market has performed exceptionally well as the S&P 500 reached new record highs crossing 5,300 points by mid-May. While the broader market has been surrounded by bearish sentiment since 2022 and even after its tremendous performance in 2023, many analysts have retracted their statements and are now expecting a positive future. For the year-end 2024, UBS and BMO expect the index to reach 5,600, Wells Fargo predicts that it will close out the year at 5,535 and even one of the most bearish analysts, Morgan Stanley's Mike Wilson, raised the target to 5,400 from the prior 4,500. Interest Rate Predictions Interest rate hikes and cuts have been a major part of discussion in the markets for the last couple of years. In 2023, many analysts predicted up to six cuts in 202 Show less Read more
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