JP Morgan downgraded Nu Holdings from Neutral to Underweight
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/2/2024 | $13.50 | Buy → Neutral | UBS |
| 7/22/2024 | $12.00 → $14.50 | Overweight → Neutral | JP Morgan |
| 6/26/2024 | $15.00 | Overweight | Barclays |
| 10/18/2023 | Overweight | Redburn Atlantic | |
| 10/16/2023 | $10.80 | Buy | Jefferies |
| 10/5/2023 | $8.25 → $8.10 | Buy → Neutral | New Street |
| 9/11/2023 | $9.00 | Neutral → Overweight | JP Morgan |
| 5/18/2023 | $7.00 → $6.10 | Buy → Neutral | Citigroup |
Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company and Nubank (NYSE:NU), the largest digital banking platform outside Asia, today announced the integration of NuPay as a new payment option on Despegar's travel platform. The collaboration between Nubank and Despegar offers multiple strategic benefits for both companies, including: Despegar gains access to Nubank's 95.5 million Brazilian customers, broadening its target market significantly Nubank's customers will gain access to Despegar's travel platform and services enjoying increased spending limits and enhanced purchasing power through a variety of payment options, includi
High GDP per capita coupled with low financial inclusion make the Latin American country a significant opportunity for the company's strategy; Cristina Junqueira details plans on the new episode of Nu Videocast Standing as the number one business priority for Nu in 2024, Mexico has proven to be a savvy choice in the company's international expansion strategy: one year after the launch of Cuenta, the company has already surpassed 8 million customers in the country and $3.3 billion in deposits. These figures exceed those of Brazil at the same stage of operations: in the company's home country, there were 7.7 million customers and less than $1 billion in deposits in Q1'19. With the highest
Nu Holdings Ltd. (NYSE:NU), ("Nu" or the "Company"), one of the world's largest digital banking platforms, released today its Second Quarter financial results. Financial results are expressed in U.S. dollars and are presented in accordance with International Financial Reporting Standards (IFRS). The full earnings release has been made available on the Company's Investor Relations website at www.investors.nu, as well as the details of the Earnings Conference Call Nu will hold today at 6:00 pm Eastern time/7:00 pm Brasília time. "Our second quarter 2024 results reaffirm the strength of our business model, efficiency in our execution, and resilience of our credit underwriting. Net income has
UBS downgraded Nu Holdings from Buy to Neutral and set a new price target of $13.50
JP Morgan downgraded Nu Holdings from Overweight to Neutral and set a new price target of $14.50 from $12.00 previously
Barclays initiated coverage of Nu Holdings with a rating of Overweight and set a new price target of $15.00
JP Morgan analyst Domingos Falavina downgrades Nu Holdings (NYSE:NU) from Overweight to Neutral and raises the price target from $12 to $14.5.
Across the recent three months, 6 analysts have shared their insights on Nu Holdings (NYSE:NU), expressing a variety of opinions spanning from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 4 0 0 0 Last 30D 0 1 0 0 0 1M Ago 2 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 2 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $15.03, with a high estimate of $17.00 and a low estimate of $13.00. Surpassing
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Marcus is an entrepreneur with decades of experience in the financial services and technology industries Nubank, one of the world's largest digital banking platforms, announces that David Marcus has been appointed as a member of its Board of Directors. Mr. Marcus is the CEO and co-founder of Lightspark and has an extensive career in leadership positions in technology companies including Meta and PayPal. Marcus also has a strong entrepreneurial background, having built three startups over the past three decades. As a Board member, Marcus will play a fundamental role in Nubank's journey as the company expands in its multi-country, multi-product, and multi-segment strategy. "David has an imp
Nu Holdings Ltd. (NYSE:NU), ("Nu" or the "Company"), one of the world's largest digital banking platforms, released today its Second Quarter financial results. Financial results are expressed in U.S. dollars and are presented in accordance with International Financial Reporting Standards (IFRS). The full earnings release has been made available on the Company's Investor Relations website at www.investors.nu, as well as the details of the Earnings Conference Call Nu will hold today at 6:00 pm Eastern time/7:00 pm Brasília time. "Our second quarter 2024 results reaffirm the strength of our business model, efficiency in our execution, and resilience of our credit underwriting. Net income has
AI technology will power Nubank's platform, providing deeper insights into customer needs and creating hyper-personalized digital financial services; Hyperplane's systems will integrate seamlessly, with immediate benefits Nubank announced today the acquisition of Hyperplane, a data intelligence company from Silicon Valley. The partnership will usher in a new era for digital banking platforms, bringing smarter, fairer, and more personalized financial products and services to Nubank's customers. Hyperplane, launched in 2022 and co-founded by Daniel Silva, Felipe Lamounier, Rohan Ramanath, and Felipe Meneses, has been instrumental in using proprietary foundation models to provide high-qual
Nu Holdings Ltd. (NYSE:NU), ("Nu" or the "Company"), one of the world's largest digital banking platforms, released today its First Quarter financial results. Financial results are expressed in U.S. dollars and are presented in accordance with International Financial Reporting Standards (IFRS). The full earnings release has been made available on the Company's Investor Relations website at www.investors.nu, as well as the details of the Earnings Conference Call Nu will hold today at 6:00 pm Eastern time/7:00 pm Brasília time. "In May 2024, we announced reaching the 100 million customer mark, a privilege we earned through our steadfast focus on solving people's needs with true product inno
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