Nu Holdings (NU – Research Report), the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Jorge Kuri from Morgan Stanley reiterated a Buy rating on the stock and has a $18.00 price target.
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Jorge Kuri has given his Buy rating due to a combination of factors that highlight Nu Holdings’ strategic positioning and growth potential. The company is undergoing significant organizational changes aimed at streamlining operations and enhancing leadership, which are expected to bolster its growth trajectory. CEO David Vélez is steering the company towards a more agile structure, reducing decision-making layers, and focusing on talent acquisition to support long-term objectives.
Additionally, Nu Holdings is making strides in its lending operations, with strong performance in personal loans, payroll lending, and SME credit, supported by advanced AI-driven underwriting capabilities. Despite some challenges in the investments business, the company is actively addressing these issues and evolving its broader ecosystem strategy. These efforts, combined with a focus on international expansion and leadership consolidation in Latin America, underpin Kuri’s optimistic outlook on the stock.
Kuri covers the Financial sector, focusing on stocks such as Nu Holdings, XP, and Inter & Company Incorporation Class A. According to TipRanks, Kuri has an average return of -1.1% and a 46.30% success rate on recommended stocks.
In another report released on May 15, J.P. Morgan also maintained a Buy rating on the stock with a $14.50 price target.
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