Nu Holdings

NU · NYSE

$15.16+$0.43 (+2.92%)TodayMarket closed · Oct 23, 7:58 PM ET

Prev close $14.73

NU analyst rating

BuyConsensus of 10 analysts over the last 12 months. 60% rate it a buy.

Strong buy0
Buy6
Hold3
Underperform1
Sell0

12-month price target · 21 analysts

Average $19.18 (+26.5% upside)

Low: $12.12
Now: $15.16
High: $24.15

Upgrades and downgrades

The latest rating actions, newest first

NU analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
UBS	Oct 20, 2026	Maintains	Buy	$18.20 → $20.50	73%
JP Morgan	Oct 6, 2026	Maintains	Overweight	$20.00 → $23.00	59%
Needham	Sep 28, 2026	Maintains	Buy	$19.00	41%
Itau BBA	Sep 16, 2026	Downgrade	Outperform → Market Perform	$20.00 → $18.00	46%
Needham	Sep 11, 2026	Maintains	Buy	$19.00	41%
Wolfe Research	Aug 25, 2026	Maintains	Outperform	$18.00 → $17.00	60%
UBS	Aug 20, 2026	Maintains	Buy	$16.90 → $18.20	73%
Susquehanna	Aug 14, 2026	Maintains	Neutral	$13.00 → $16.00	42%
Needham	Aug 14, 2026	Maintains	Buy	$17.00 → $19.00	41%
JP Morgan	Jul 7, 2026	Maintains	Overweight	$18.00 → $20.00	59%

The case for and against

Updated Oct 18, 2026

Bull case

Nu Holdings is attractive because it has turned a digital-first model into a scaled, low-cost consumer banking platform with over 100 million customers, a loan/deposit ratio of 87% versus Monzo’s 9%, and strong monetization through credit cards, loans, and fee income. Its latest 2Q results underscored the quality of that growth, with revenue of $5.88 billion, net interest income of $3.69 billion, fee income of $816.4 million, risk-adjusted NIM of 12.53%, and IFRS EPS of $0.22, all supported by better-than-expected credit performance. The bull case is further reinforced by early-stage expansion into the US and continued growth in Brazil, Mexico, and Colombia, where management can extend its “low and grow” strategy while preserving impressive profitability through good credit risk management and a lean cost structure.

Bear case

Nu Holdings is vulnerable to a growth slowdown if broader economic weakness in Latin America raises credit losses and dampens loan demand, which would directly pressure the profitability of a business that derives a significant amount of revenue and EPS from lending. Its dependence on Brazil for more than 90% of revenue also leaves it exposed to local economic, currency, and political volatility, while regulatory capital requirements in each market could force additional capital deployment or external fundraising that hurts equity returns. Although it serves over 100 million customers, execution risk remains elevated because US expansion may be slower than expected and competition from local fintechs and global entrants could make it harder to replicate Brazil’s success across Mexico and Colombia.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.