Morgan Stanley analyst Jorge Kuri reiterated a Buy rating on Nu Holdings today and set a price target of $18.00.
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Jorge Kuri has given his Buy rating due to a combination of factors that highlight Nu Holdings’ strong performance and growth potential. The company reported impressive quarterly results, with net income and total revenues exceeding expectations, driven by robust credit growth. This acceleration in loan momentum is seen as a key driver for future earnings upgrades, positioning Nu Holdings for continued outperformance.
Moreover, the management’s commentary during the earnings call indicated promising credit growth prospects and potential for further expansion in net interest margins. Nu Holdings is uniquely positioned to build a significant banking franchise in Latin America, supported by its advanced technology, high customer satisfaction, and competitive pricing. The market appears to underestimate the company’s ability to scale profitably, especially through cross-selling in Brazil, which could lead to a substantial increase in its valuation by 2026.
Kuri covers the Financial sector, focusing on stocks such as Nu Holdings, XP, and Credicorp. According to TipRanks, Kuri has an average return of -6.0% and a 39.29% success rate on recommended stocks.
In another report released on July 29, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $14.00 price target.