Reported 1 day ago
Citi has raised its rating for Nu Holdings Ltd (NYSE:NU) from Sell to Buy after the company showed strong earnings momentum, notably reporting a 32.1% revenue increase year-over-year in Q2 2025. The firm doubled its price target for Nu from $9 to $18, reflecting an implied upside of 29.6% from the current trading price of $13.89. Despite overall economic concerns, Citi acknowledged Nu's effective management and impressive return on equity of 28%, while also forecasting further growth potential in Mexico and Colombia.
Source: YAHOO