BofA’s Hartnett says concentrated U.S. stock returns are likely to persist
On Monday, Citi analysts revised their outlook for HepsiBurada stock (NASDAQ: HEPS), reducing the price target to $4.60 from the previous $4.80. The analysts maintained a Buy rating on the stock. Currently trading at $2.58, the stock has seen significant volatility, with analyst targets ranging from $3.47 to $4.81. InvestingPro data reveals 10+ additional insights about HEPS’s valuation and growth potential.
The adjustment in the price target reflects changes in estimates, according to the analysts. They noted the completion of Kaspi’s acquisition of a controlling stake in HepsiBurada in January 2025. Citi analysts anticipate a potential offer to minority shareholders in the future. With revenue growth of 43% in the last twelve months and an upcoming earnings report on June 9, investors can access comprehensive analysis through InvestingPro’s detailed research reports.
Kaspi’s strategic plans for HepsiBurada include leveraging its technology and super app experience, along with payments and fintech solutions, to enhance the company’s prospects. The analysts also highlighted Kaspi’s intention to invest approximately $300 million in its fintech strategy in Turkey during 2025.
Additionally, Kaspi is expected to secure a banking license in Turkey in the second half of 2025, which could further support its strategic initiatives in the region. The analysts see potential upside for HepsiBurada through these developments.
In other recent news, D-Market Electronic Services & Trading, also known as Hepsiburada, has made a regulatory filing with the United States Securities and Exchange Commission. The filing, a Form 6-K, is part of the company’s routine compliance with SEC regulations and does not include new financial data. In a separate development, Hepsiburada’s subsidiary, Hepsi Finansman A.Ş., has completed a bond issuance totaling TRY 100 million. These bonds, which carry an annual interest rate of 43.00%, are intended to support the growth of Hepsifinans’s consumer finance business. This issuance is part of a broader program approved by the Capital Markets Board, allowing for up to TRY 1,050,000,000 in bond issuances. The company aims to use the proceeds to enhance its financial services and improve shopping convenience. The bond issuance aligns with Hepsiburada’s strategy to expand its financial services offerings, which include an integrated fintech platform known as Hepsipay. The developments reflect the company’s ongoing efforts to maintain transparency and support sustainable growth in its business operations.
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