Nu (NU) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Investors are betting that Presidential candidate Flávio Bolsonaro will bring needed economic reforms to Brazil. The right-wing candidate won a surprising majority ahead of a run-off election later this month.
Nu Holdings (NU) stock is ripping higher on Monday morning following a surprise turn of events in Brazil's presidential election, where an unexpected “first-round” showing ignited a broader relief rally across Latin American assets. More importantly, analysts at Goldman Sachs believe the neobank has massive runway remaining; they reiterated a high-conviction Buy rating on NU today.
Nu Holdings (NYSE:NU) shares surged about 13% in early trading on Monday after rightwing Brazilian senator Flávio Bolsonaro outperformed expectations in the first round of the country's presidential election, boosting Brazil-focused stocks. The shares were part of a broader rally in US-listed Brazilian companies as investors interpreted Bolsonaro's strong showing as increasing the prospect of tighter fiscal policy, lower taxes and a more business-friendly economic environment.
Nu Holdings Ltd. (NYSE:NU) shares are trading higher Monday after Flávio Bolsonaro, a right-wing Brazilian senator, beat expectations in the first round of Brazil's presidential election.
A first-round upset in Brazil's presidential election is lifting a Latin American digital bank far more than its U.S. fintech counterparts. Nu Holdings (NYSE:NU | NU Price Prediction) stock is up 12% to $15.
Nu Holdings stock has pulled back sharply in recent months, falling from a high of $18.95 in January to around $13.43 today. Despite the decline, the long-term growth story remains intact, supported by the company's expanding customer base, strong presence in Brazil, and continued push into other Latin American markets such as Mexico and Colombia.
Nu Holdings Ltd. (NYSE: NU - Get Free Report) shares gapped up before the market opened on Thursday. The stock had previously closed at $12.66, but opened at $13.24. NU shares last traded at $13.0040, with a volume of 16,572,963 shares changing hands. Analysts Set New Price Targets Several research analysts have recently weighed in on