Reported 3 days ago
Nu Holdings has seen a remarkable rebound since its rocky start, with shares soaring 243% in 2023 and strong revenue growth, reaching $2.9 billion last quarter. With a customer base expanding from 48 million to 110 million, and an estimated 70% of Latin America remaining unbanked, Nu is well-positioned for future success. The company boasts a growing economic moat, strong profitability, and a reasonable valuation, making it an attractive option for long-term investors.
Source: YAHOO