Nu Holdings price target raised to $9 from $8.80 at Citi

Citi raised the firm’s price target on Nu Holdings to $9 from $8.80 and keeps a Neutral rating on the shares. Once again Nu posted a strong beat for the quarter, showing an “impressive” 21% return on equity on a still low leveraged balance sheet, the analyst tells investors in a research note. However, the stock fell after results, showing the high expectations embedded on its current valuation, says Citi.