BofA Lowers PT on NU Holdings (NU), Keeps a Hold Rating

​The steadfast cited reducing its people terms to net aggregate from 22 times to 21 times. This reflects the de-rating of high-growth fiscal companies internationally.

​Moreover, the steadfast besides noted that the company’s net earlier taxation missed BofA’s estimates by astir 15%. Regardless, BofA continues to support its nett income estimates for Nu Holdings. The steadfast expects that higher operating expenses volition beryllium offset by stronger revenue. BofA expects net maturation of 45% successful 2026 and 28% successful 2027 for the bank.

​That said, connected March 9, Jorge Kuri from Morgan Stanley reiterated a Buy standing connected the banal with a terms people of $21. The expert cited the bank’s AI-centric concern exemplary arsenic 1 of the main factors down the bullish sentiment.

​Nu Holdings Ltd. (NYSE:NU) operates arsenic Nubank, 1 of the largest integer banking platforms successful the world. The institution ranks ninth successful the database of 12 debased terms precocious measurement stocks to bargain close now. It was founded successful 2013 and operates chiefly crossed Brazil, Mexico, and Colombia. Nubank offers mobile-first fiscal products, including recognition cards, integer accounts, loans, and concern services designed to present low-fee banking solutions to underserved consumers.

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