#1 - Nu Holdings (NYSE:NU)
The first company on this list is from the fintech sector. But Nu Holdings Ltd. (NYSE: NU) may not be well-known to investors. That's because it's not a U.S. company. However, Nu is the largest fintech bank in North America.
The digital-first bank was founded in 2013 as a way to disrupt the Latin American banking system, which is dominated by a small number of large banks. Among other things, this trapped customers in an ecosystem of high fees for limited services.
The company has already signed up five million customers and has a total addressable market that can potentially bring in millions more. Revenue is growing year-over-year, and the bank is solidly profitable. Nu Holdings is also projecting earnings growth of 75% in the next 12 months.
The concern is how much of that growth is priced into a stock up 97% in the last 12 months. The Nu Holdings analyst ratings on MarketBeat show that analysts are beginning to bid NU stock higher, with UBS Group AG (NYSE: UBS) reiterating its Buy rating with a price target of $11.50.
About NU
Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.
Read More - Current Price
- $11.99
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 6 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $10.00 (16.6% Downside)
