Nu Holdings Upgraded to Outperform at Itau BBA with $18 Price Target

Nu Holdings has been upgraded to Outperform from Market Perform by Itau BBA, with a $18 price target. The upgrade reflects the bank's positive outlook on the company's growth prospects. Nu Holdings is a fintech company that offers a range of financial services, including digital banking and payment solutions. The upgrade suggests that the bank believes the company has strong potential for future growth and performance.

Nu Holdings Ltd. (NU) has received a significant upgrade from Itau BBA, moving from Market Perform to Outperform with a new price target of $18. This upgrade underscores the bank's positive outlook on Nu Holdings' growth prospects, indicating strong potential for future performance. The fintech company, known for its digital banking and payment solutions, has been making strides in expanding its services across Latin America.

The upgrade comes on the heels of Nu Holdings' robust earnings report for the second quarter and first half of 2025. The company reported net interest income of US$2.10 billion and net income of US$636.84 million for the most recent quarter, both up year-over-year. This growth in net interest income and earnings per share highlights the company's improved profitability and customer expansion efforts [1].

Itau BBA's upgrade reflects confidence in Nu Holdings' ability to grow its customer base and broaden its financial offerings. The appointment of former Brazilian Central Bank president Roberto Campos Neto as Vice Chairman further supports this view, as his experience may help Nu Holdings effectively capitalize on growth opportunities in international markets [2].

Investors should closely monitor Nu Holdings' progress in the coming quarters, particularly focusing on its ability to maintain profitability while expanding its services. The company's strong performance in the second quarter suggests that it is well-positioned to continue its growth trajectory.

References:
[1] https://simplywall.st/stocks/us/banks/nyse-nu/nu-holdings/news/nu-holdings-nu-is-up-99-after-strong-q2-profit-and-net-inter
[2] https://finviz.com/quote.ashx?t=NU