New Street Research - Kaspi (KSPI:US) KASPI US (BUY, TP: $175, +53%) Kaspi - Gobbling up E-Comm in Turkey / Q3s beat

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New Street Research

Soomit Datta

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KASPI US (BUY, TP: $175, +53%) Kaspi - Gobbling up E-Comm in Turkey / Q3's beat

Shortly before reporting solid Q3s on Friday, Kaspi the acquisition of no2 Turkish E-Commerce provider, Hepsiburada (HEPS). Deal close is expected early 2025.

21/10/2024 1 EN

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Kaspi

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Soomit Datta

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KASPI US (BUY, TP: $175, +53%) Kaspi - Gobbling up E-Comm in Turkey / Q3's beat

Update on JSC Kaspi

KSPI US (Buy, TP: $175, +35%) Kaspi Q2 24 - Solid print, lack of guide lift shouldn't surprise; e-Cars/digital Ad in focus

TIM Brasil (Buy, TP: R$23, +43%) - Q3 24: In-line trends, Nubank and pricing concerns linger

Pinterest (PINS, Buy, $50 target) Quick Thoughts Ahead of the Print

DIGI launches in Portugal - impact to Altice, NOS, DIGI and Vodafone assessed

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