Nu Holdings Ltd. operates in the technology industry. The company was incorporated in 2016 and is based in Grand Cayman, Cayman Islands.
IPO Year: 2021
Exchange: NYSE
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 |
12/8/2022 | Underweight → Neutral | JP Morgan | |
11/11/2022 | Neutral → Underweight | JP Morgan |
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
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
The company is the first digital banking platform to surpass this milestone outside of Asia and is honoring its customers in Brazil, Mexico, and Colombia with a tech-first campaign Nubank announced today that it has surpassed 100 million customers in Brazil, Mexico, and Colombia, making it the first digital banking platform to reach this milestone outside of Asia. The achievement comes on the heels of record 2023 financial results, with over US$1 billion in net profit and over US$8 billion in revenues, which attest to the solidity, efficiency, and scalability of Nubank's business model. Currently, Nubank serves more than 92 million customers in Brazil, over 7 million in Mexico, and clos
Nu Holdings Ltd. (NYSE:NU), ("Nu" or the "Company"), one of the world's largest digital financial services platforms, released today its Fourth Quarter and Full Year 2023 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 5:00 pm Eastern time/7:00 pm Brasília time. "We are building the largest consumer platform in Latin America, with strong earnings-generating capabilities, having delivered over $
Nu Holdings Ltd. (NYSE:NU), ("Nu" or the "Company"), one of the world's largest digital financial services platforms, released today its Third Quarter 2023 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 5:00 pm Eastern time/7:00 pm Brasília time. "Nu is on a remarkable upward trajectory, demonstrating solid operating performance, continued growth, and increasingly robust profitability. We reac
The rating is the same given to Brazil sovereign and incumbent financial institutions in the country S&P Global Ratings assigned a BB- international rating to Nu Financeira and Nu Holdings. The main drivers for the decision were the growth prospects supported by an expanding customer base (85 million customers in Latin America as of July 2023), the company's solid capital structure (Basel Index of 20.2% in Brazil in Q2'23), and efficiency rate. S&P is one of the most relevant credit rating agencies worldwide, and its evaluation reflects companies' capability to meet their financial obligations on time. It reflects trustworthiness and reputation by assessing the current solidity and futu
Nu Holdings Ltd. (NYSE:NU), ("Nu" or the "Company"), one of the world's largest digital financial services platforms, released today its Second Quarter 2023 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 6:00pm Eastern time/7:00pm Brasília time. "This quarter, Nu continued to expand its customer base, engagement, and monetization, increasing ARPAC above $9 for the first time, while keeping cos
TORONTO, July 27, 2023 (GLOBE NEWSWIRE) -- Stack Capital Group Inc., (TSX:STCK) is pleased to announce that Hopper, Inc. ("Hopper"), an existing portfolio holding, has announced a partnership with Nubank / Nu Holdings Limited (NYSE:NU), one of the largest digital banks in Brazil and across Latin America. Building on the success of similar partnerships with the likes of Capital One Financial Corporation and Uber, Hopper will power Nubank's travel portal, delivering a full range of booking options such as flights, hotels, and car rentals through the bank's mobile app, along with a suite of fintech products designed to make travel cheaper, easier and less stressful, to over 80 million Nubank
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
Susquehanna analyst James Friedman maintains Nu Holdings (NYSE:NU) with a Positive and raises the price target from $14 to $16.
Goldman Sachs analyst Mike Niehuser maintains Nu Holdings (NYSE:NU) with a Buy and raises the price target from $15 to $17.
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Financials sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume C CALL SWEEP BEARISH 07/12/24 $67.00 $32.2K 2.4K 10.3K WFC CALL TRADE BULLISH 07/19/24
The U.S. Supreme Court on Monday ruled that merchants may challenge debt-card swipe fees outside a six-year statute, sending a shock to the power of federal agencies. The justices voted 6-3 on their ruling, determining that a North Dakota convenience store and truck stop may sue over a 2011 rule on charges that banks imposed on merchants because the six-year statute to sue doesn’t apply to the store as it did not open until 2018, Bloomberg reported. The decision may boost the effect of a blockbuster ruling issued last week that overturned a 1984 precedent requiring judges to defer to an agency's reasonable interpretation of an unclear statute. Also Read: Visa and Mastercard Reach De
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume RILY PUT SWEEP BEARISH 07/05/24 $18.00 $34.9K 3.0K 2.4K JPM CALL SWEEP BEARISH 07/19/24 $200.00 $59.1
In the preceding three months, 4 analysts have released ratings for Nu Holdings (NYSE:NU), presenting a wide array of perspectives from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 0 0 0 Last 30D 0 1 0 0 0 1M Ago 1 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 0 1 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $14.3, with a high estimate of $15.20 and a low estimate of $13.00. Marking an increase of 23.2
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 benefitsNubank 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.
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
Redburn Atlantic initiated coverage of Nu Holdings with a rating of Overweight
Jefferies initiated coverage of Nu Holdings with a rating of Buy and set a new price target of $10.80
New Street downgraded Nu Holdings from Buy to Neutral and set a new price target of $8.10 from $8.25 previously
JP Morgan upgraded Nu Holdings from Neutral to Overweight and set a new price target of $9.00
Citigroup downgraded Nu Holdings from Buy to Neutral and set a new price target of $6.10 from $7.00 previously
JP Morgan upgraded Nu Holdings from Underweight to Neutral
JP Morgan downgraded Nu Holdings from Neutral to Underweight
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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
Nu Holdings Ltd. (NYSE:NU), ("Nu" or the "Company"), one of the world's largest digital financial services platforms, released today its Fourth Quarter and Full Year 2023 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 5:00 pm Eastern time/7:00 pm Brasília time. "We are building the largest consumer platform in Latin America, with strong earnings-generating capabilities, having delivered over $
Nu Holdings Ltd. (NYSE:NU), ("Nu" or the "Company"), one of the world's largest digital financial services platforms, released today its Third Quarter 2023 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 5:00 pm Eastern time/7:00 pm Brasília time. "Nu is on a remarkable upward trajectory, demonstrating solid operating performance, continued growth, and increasingly robust profitability. We reac
Nu Holdings Ltd. (NYSE:NU), ("Nu" or the "Company"), one of the world's largest digital financial services platforms, released today its Second Quarter 2023 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 6:00pm Eastern time/7:00pm Brasília time. "This quarter, Nu continued to expand its customer base, engagement, and monetization, increasing ARPAC above $9 for the first time, while keeping cos
Nu Holdings Ltd. (NYSE:NU, B3: NUBR33))), ("Nu" or the "Company"), one of the world's largest digital financial services platforms, released today its First Quarter 2023 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 6:00pm Eastern time/7:00pm Brasília time. "Nu continues to build on its growth and profitability trajectory, posting a net income of $142 million. Revenue has nearly doubled year
Nu Holdings Ltd. ("Nu" or the "Company") (NYSE:NU, B3: NUBR33))), one of the world's largest digital financial services platforms, today announced that it will host a conference call to discuss its Q1'23 financial results on Monday, May 15, 2023 at 5:00 p.m. Eastern Time (7:00 p.m. Brasília Time). The earnings release will be issued after the market closes that same day. Quiet Period Starts on May 1st, 2023 Earnings Release Monday, May 15, 2023 Time: After market close Conference Call Monday, May 15, 2023 Time: 5:00 p.m. EST – 7:00 p.m. BRT Register for the Conference Call Please click here to pre-register for this conference call. Replay: click here | Add to your calendar: click he
Nu Holdings Ltd. (NYSE:NU, B3: NUBR33))), ("Nu" or the "Company"), one of the world's largest digital financial services platforms, released today its Fourth Quarter & Full Year 2022 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 5:00pm Eastern time/7:00pm Brasília time. "Nu posted record results this quarter, with growth across all metrics and a meaningful increase in profits. Net Income grew
Nu Holdings Ltd. ("Nu" or the "Company") (NYSE:NU, B3: NUBR33))), one of the world's largest digital financial services platforms, today announced that it will host a conference call to discuss its Q4 and full year 2022 financial results on Tuesday, February 14, 2023 at 5:00 p.m. Eastern Time (7:00 p.m. Brasília Time). The earnings release will be issued after the market closes that same day. Quiet Period Starts on January 30, 2023 Earnings Release Tuesday, February 14, 2023 Time: After market close Conference Call Tuesday, February 14, 2023 Time: 5:00 p.m. EST – 7:00 p.m. BRT Register for the Conference Call Please click here to pre-register for this conference call. Replay: click here