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NYSE:NU

NU (NU) Stock Forecast, Price & News

$6.74
-0.01 (-0.15%)
(As of 05:33 PM ET)
Compare
Today's Range
$6.60
$6.80
50-Day Range
$4.17
$6.91
52-Week Range
$3.26
$7.09
Volume
16.26 million shs
Average Volume
26.86 million shs
Market Capitalization
$31.64 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.51

NU MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
3.8% Downside
$6.51 Price Target
Short Interest
Healthy
4.42% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.25mentions of NU in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
78.57%
From $0.14 to $0.25 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.60 out of 5 stars

Business Services Sector

297th out of 347 stocks

Nondepository Credit Institutions Industry

33rd out of 42 stocks


NU stock logo

About NU (NYSE:NU) Stock

Nu Holdings Ltd., traded on the NYSE as NU, is a Brazilian neobank (neobanks are online/digital banks) and the largest fintech bank in Latin America. Nu Holdings Ltd. was founded in 2013. Its founders include Colombian David Vélez, Brazilian Cristina Junqueira, and American Edward Wible. Nu Holdings Ltd. completed its first transaction with a Nubank card on April 1, 2014. Nubank became a unicorn startup in 2018, with a valuation of US$1 billion. Nubank's headquarters are located in São Paulo, Brazil, and the company also has engineering offices in Berlin, Germany, Buenos Aires, Argentina, and an office in Mexico City, Mexico. The company has raised $1.3 billion, and its investors include Berkshire Hathaway, Sequoia Capital, Tencent, and Tiger Global Management.

Nubank has launched several products, including NuConta (a digital account), an international credit card, personal loans, life insurance, and investments. Nubank's differentiating factor is its credit card, which is controlled entirely through a mobile app. In 2017, Nubank launched its loyalty program, Nubank Rewards, which offers points that can be redeemed for a product catalog or discounts on services, travel, and entertainment. In the same year, Nubank launched its digital account, NuConta. In late 2018, it began offering payments through debit. In 2019, the fintech started testing personal loans, and the company announced it would begin operations in Mexico through a subsidiary called Nu.

Nubank has undergone a significant expansion, with its valuation reaching US$45 billion after its initial public offering (IPO) in December 2021. Nubank's IPO was the largest in Brazilian history, raising US$5.7 billion. Berkshire Hathaway invested $1 billion in Nubank's stocks before and after the IPO. In 2022, Nubank was ranked as the best bank in Brazil by Forbes.

Nubank's management team is composed of its founders and other industry experts. David Vélez, Nubank's Chief Executive Officer, previously worked as a partner at Sequoia Capital, where he specialized in technology investments. Cristina Junqueira, Nubank's Chief Financial Officer, previously worked as a partner at PwC and as an investment banker at Deutsche Bank. Edward Wible, Nubank's former Chief Technology Officer, left his position in April 2021 and became the Director of Technological Platforms. The company's engineering team comprises professionals from several countries and top universities worldwide.

Nubank faces several risks and challenges, including changes in consumer preferences, regulatory changes, and competitive pressures. The company also faces currency risks due to its presence in several countries. However, Nubank has several growth opportunities, including new product launches, acquisitions, or expansions into new markets. Nubank has already expanded to Mexico and Colombia, and the company plans to expand to other countries.

Nubank operates in the broader fintech industry, which has grown rapidly in recent years. Several companies, including Square, PayPal, and Stripe, compete with Nubank in the payments industry. However, Nubank's unique credit card offering, entirely controlled through a mobile app, differentiates the company from its competitors. The fintech industry is subject to regulatory and political issues that may impact the industry's growth. However, the industry's growth potential remains strong, with digital payments expected to continue to grow opportunities for Nubank include expanding its product offerings beyond the Brazilian market and increasing its customer base in other Latin American countries. In particular, Nubank has shown interest in developing further into Mexico and Colombia, where it already has a presence but has yet to reach the scale of its operations in Brazil. Additionally, the company could offer more services to its existing customers, such as savings accounts or other investment products, to increase its revenue streams and customer loyalty.

However, there are also risks and challenges facing Nubank. One significant risk is the possibility of increased regulatory scrutiny, particularly in Brazil, where the company is based. As Nubank grows and gains market share, it may face increased scrutiny from government regulators, which could impact its ability to operate or impose additional costs on the company.

Another risk is the potential for increased competition in the fintech space, particularly from established financial institutions looking to enter the digital banking market. As more traditional banks and financial institutions embrace digital banking, they may threaten Nubank's customer base and market share.

Overall, Nubank's innovative approach to banking and strong track record of growth and profitability make it an attractive investment opportunity for those interested in fintech. However, potential investors should carefully consider the risks and challenges facing the company and its valuation compared to its peers before deciding to invest.

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NU Stock News Headlines

"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
NU's Jen Nierva joins Chery Tiggo
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
NU (NYSE:NU) Hits New 52-Week High at $6.96
Citigroup Downgrades NU (NYSE:NU) to Neutral
NU (NYSE:NU) Shares Gap Down to $6.18
Buy This Buffett Stock Before It's Too Late
Nu Stock, Old Problem: A Tale of Two Analysts
See More Headlines
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NU Company Calendar

Last Earnings
5/15/2023
Today
5/31/2023
Next Earnings (Estimated)
8/21/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Fax
N/A
Employees
8,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$6.51
High Stock Price Forecast
$8.00
Low Stock Price Forecast
$5.00
Forecasted Upside/Downside
-3.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$-364,580,000.00
Pretax Margin
0.04%

Debt

Sales & Book Value

Annual Sales
$4.79 billion
Cash Flow
$0.05 per share
Book Value
$1.11 per share

Miscellaneous

Outstanding Shares
4,694,790,000
Free Float
N/A
Market Cap
$31.69 billion
Optionable
Not Optionable
Beta
1.03

Key Executives

  • Mr. David Velez-Osomo
    Founder, Chairman & CEO
  • Mr. Youssef Lahrech (Age 48)
    COO & Pres
  • Ms. Cristina Helena Zingaretti Junqueira (Age 41)
    Co-Founder & Chief Growth Officer
  • Mr. Guilherme Marques do Lago (Age 44)
    Chief Financial Officer
  • Mr. Matthew Swann (Age 51)
    Chief Technology Officer
  • Mr. Guilherme Rocha Vieira
    Sr. Mang.-Investor Relations
  • Marco Araujo
    Chief Legal Officer
  • Mr. Vitor Guarino Olivier (Age 33)
    Chief People Officer
  • Mr. Jagpreet Singh Duggal (Age 49)
    Chief Product Officer
  • Mr. Henrique Camossa Saldanha Fragelli (Age 46)
    Chief Risk Officer













NU Stock - Frequently Asked Questions

Should I buy or sell NU stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NU in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NU shares.
View NU analyst ratings
or view top-rated stocks.

What is NU's stock price forecast for 2023?

6 brokerages have issued 1-year price objectives for NU's stock. Their NU share price forecasts range from $5.00 to $8.00. On average, they anticipate the company's share price to reach $6.51 in the next year. This suggests that the stock has a possible downside of 3.5%.
View analysts price targets for NU
or view top-rated stocks among Wall Street analysts.

How have NU shares performed in 2023?

NU's stock was trading at $4.07 at the beginning of 2023. Since then, NU stock has increased by 65.8% and is now trading at $6.75.
View the best growth stocks for 2023 here
.

When is NU's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 21st 2023.
View our NU earnings forecast
.

How were NU's earnings last quarter?

Nu Holdings Ltd. (NYSE:NU) issued its quarterly earnings results on Monday, May, 15th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.51 billion. NU had a negative net margin of 3.21% and a positive trailing twelve-month return on equity of 6.73%.

When did NU IPO?

(NU) raised $2.5 billion in an IPO on Thursday, December 9th 2021. The company issued 289,150,555 shares at $8.00-$9.00 per share.

What is NU's stock symbol?

NU trades on the New York Stock Exchange (NYSE) under the ticker symbol "NU."

Who are NU's major shareholders?

NU's stock is owned by many different institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (2.67%), JPMorgan Chase & Co. (1.55%), Artisan Partners Limited Partnership (1.48%), Sands Capital Management LLC (0.90%), Price T Rowe Associates Inc. MD (0.88%) and FIL Ltd (0.41%).

How do I buy shares of NU?

Shares of NU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is NU's stock price today?

One share of NU stock can currently be purchased for approximately $6.75.

How much money does NU make?

NU (NYSE:NU) has a market capitalization of $31.69 billion and generates $4.79 billion in revenue each year. The company earns $-364,580,000.00 in net income (profit) each year or ($0.04) on an earnings per share basis.

How many employees does NU have?

The company employs 8,000 workers across the globe.

How can I contact NU?

The official website for the company is www.nubank.com.br. The company can be reached via phone at 888-888-8888 or via email at investors@nubank.com.

This page (NYSE:NU) was last updated on 5/31/2023 by MarketBeat.com Staff

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