3 Reasons to Buy Nu Stock Like There's No Tomorrow [Yahoo! Finance]
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Nu Holdings Ltd. (NU)
Company Research
Source: Yahoo! Finance
Nu Holdings (NYSE: NU) . This lesser-known Warren Buffett holding is demonstrating incredible performance, and there are many reasons to be confident about its continued prospects. Here are three reasons to buy: 1. Nu has barely penetrated some of its markets Nu is still a fairly young company, with $6.5 billion in trailing-12-month revenue, and is making a big splash in the three countries it operates in right now. The business is headquartered in Brazil, where it already counts 54% of the adult population as members. And Nu is still adding millions of customers each quarter and ramping up new launches for its credit products, targeting new demographics, including the affluent. The company is just getting started in Mexico and Colombia, where it's growing even faster. Nearly 1.5 million customers were added in Mexico in the first quarter for a total of 6.6 million, and there are 900,000 members in Colombia, where it only recently rolled out its savings account. The company en
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News
- Nu Holdings Ltd. (NYSE: NU) had its price target raised by analysts at Jefferies Financial Group Inc. from $10.80 to $15.20. They now have a "buy" rating on the stock.MarketBeat
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NU
Sec Filings
- 6/24/24 - Form 144
- 6/24/24 - Form 144
- 6/4/24 - Form 144
- NU's page on the SEC website