Nu Holdings ( (NU) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Nu Holdings’ stock is on the rise as JPMorgan upgraded its rating to Overweight from Neutral, viewing the recent selloff as a prime opportunity for investors. Despite a lowered price target, the bank remains bullish on Nu’s potential, anticipating over 30% earnings growth in the next three years. Additionally, Brazil’s favorable position in the global trade landscape could further boost Nu’s attractiveness to global and growth investors.
More about Nu Holdings
YTD Price Performance: -8.56%
Average Trading Volume: 54,727,645
Technical Sentiment Signal: Strong Buy
Current Market Cap: $45.9B
For further insights into NU stock on TipRanks’ Stock Analysis page.
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