Reported 2 days ago
Nu Holdings, the rapidly growing Brazilian digital bank, is currently trading below $15, sparking discussions on whether it's a good investment. The bank has shown significant growth, with revenue increasing 40% year-over-year and over 4 million new customers added recently. Despite existing risks in the developing region, analysts project a 30.7% annual revenue growth rate from 2024 to 2027, indicating a promising future. With a strong profitability trajectory and attractive valuation, investing in Nu Holdings might present a lucrative opportunity.
Source: YAHOO