BofA raised the firm’s price target on Nu Holdings to $9 from $8.50 and keeps a Neutral rating on the shares. Q3 net income beat expectations as lower expenses compensated for softer revenue generation, the analyst tells investors in a post-earnings note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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>>
See the top stocks recommended by analysts >>
Read More on NU:
- Nu Holdings price target raised to $11 from $10 at Susquehanna
- Nu Holdings reports Q3 revenue $2.1B, consensus $2.05B
- Nu Holdings options imply 6.4% move in share price post-earnings
- Nu Holdings call volume above normal and directionally bullish
- Nu Holdings price target raised to $16, named a Top Pick at Morgan Stanley