Nu Holdings price target raised to $21 from $18 at Morgan Stanley

Morgan Stanley analyst Jorge Kuri raised the firm’s price target on Nu Holdings (NU) to $21 from $18 and keeps an Overweight rating on the shares after having hosted an investor roundtable with Nubank’s CFO after Q4 results. The discussion reaffirms Nu’s “long-term compounding story,” says the analyst, who raised the firm’s EPS forecast and sees consensus as “well behind.”