Banco Bradesco BBI Upgrades Nu Holdings to Outperform with a PT of $17.

Banco Bradesco BBI Upgrades Nu Holdings to Outperform with a PT of $17.

Banco Bradesco BBI (BBBI) has upgraded Nu Holdings (NYSE:NU) to an Outperform rating, raising its price target to $17.00. This upgrade comes on the heels of Nu Holdings' strong second-quarter 2025 earnings report and recent analyst upgrades.

Nu Holdings, also known as Nubank, reported a net income of $637 million and revenues of $3.7 billion, surpassing expectations. The company's robust growth, with revenue increasing 20.69% year-over-year, and a strong net interest margin expansion have been cited as key factors driving the upgrade. Additionally, the appointment of Armando Herrera as CEO of Nubank Mexico is seen as a positive development.

BBBI noted that Nu Holdings' attractive PEG ratio of 0.59 and strong customer base in Brazil contribute to its potential for future growth. The stock, currently trading at $13.94, has maintained strong momentum, delivering a 24.35% return over the past six months.

Investors should monitor Nu Holdings' performance closely as it continues to expand its digital banking services and explore new markets. The recent upgrades by BBBI and other analysts underscore the company's strong market position and potential for future growth.

References:
[1] https://www.investing.com/news/analyst-ratings/nu-holdings-stock-price-target-raised-to-16-from-14-at-bofa-securities-93CH-4208541
[2] https://www.marketscreener.com/news/bradesco-bbi-upgrades-nu-to-outperform-from-neutral-price-target-is-17-ce7c50d8d88afe27