Susquehanna analyst James Friedman raised the firm’s price target on Nu Holdings (NU) to $18 from $16 and keeps a Positive rating on the shares. The firm said the quarter led with continued strong consumer loan originations, but overall credit card IEP held steady, driven by an intentional decision to better fine-tune the risk/reward profile of the popular PIX financing product.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NU: