Reported 23 days ago
JPMorgan has raised the price target for Nu Holdings Ltd. (NYSE:NU) from $14.50 to $16 while keeping an 'Overweight' rating. The firm anticipates strong loan growth along with improvements in net interest margin and credit card loan yields which could boost earnings in 2025 and 2026. Nu Holdings, a fintech company offering digital banking services to over 118 million customers in Latin America, is viewed positively despite competition from AI stocks.
Source: YAHOO