Nu Holdings Stock (NYSE:NU): Robust Q1 Earnings Justify Its Valuation [Yahoo! Finance]
Nu Holdings Ltd. (NU)
Company Research
Source: Yahoo! Finance
Brazilian fintech Nu Holdings NYSE:NU alleviated one of the market's main concerns: its potentially stretched valuation. Thus, I am bullish on NU stock. Nu Holdings emerged as an alternative to traditional banks' credit cards. Its objective is to utilize technology to minimize bureaucracy and streamline access to credit and other banking services for the average Latin American consumer through an intuitive interface. To highlight the extent of Nu Holdings' customer base, the company has reached 99.3 million customers, with 92 million of them concentrated in Brazil alone, representing 54% of the adult population of Brazil. Furthermore, Nu has rapidly expanded into other Latin American countries, such as Mexico and Colombia. The investment thesis for Nu Holdings is straightforward. The company holds a leading position in Latin America and is a profitable fintech company. There are still numerous cross-selling opportunities available through the Nubank app, and significant potentia
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News
- Nu Holdings Ltd. (NYSE: NU) is now covered by analysts at Barclays PLC. They set an "overweight" rating and a $15.00 price target on the stock.MarketBeat
- Nu Holdings Ltd. (NYSE: NU) is now covered by analysts at Barclays PLC. They set an "overweight" rating and a $15.00 price target on the stock.MarketBeat
- 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
- 3 Incredibly Cheap Fintech Stocks to Buy Now [Yahoo! Finance]Yahoo! Finance
- Did Nu Holdings Ltd. (NU) Reach Significant Milestones in Q1? [Yahoo! Finance]Yahoo! Finance
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