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Stock impact report

Analysts Optimistic on Nu Holdings (NU) [Yahoo! Finance]

Nu Holdings Ltd. (NU) 
Company Research Source: Yahoo! Finance
analyst Tito Labarta reaffirmed a Buy rating on Nu Holdings Ltd. (NYSE:NU) with a price target of $21. Earlier, on November 25, BofA Securities increased its price target on Nu Holdings Ltd. (NYSE:NU) from $16 to $18 and reiterated a Neutral rating on the stock. This update came after investor meetings in New York and Boston with the company's Investor Relations Officer, Guilherme Souto, who shared an optimistic view of the company's business. BofA Securities noted that the company's AI initiatives are supporting the re-acceleration of growth in Brazil while also managing risks. The research firm believes this is valuably extending Nu Holdings Ltd.'s (NYSE:NU) first growth curve. Additionally, BofA Securities pointed out that the company's operations in Mexico have hit a key turning point, shifting from building up to scaling up. This is the second growth curve for Nu Holdings Ltd. (NYSE:NU). The research firm noted that the company has applied for a US national bank charter, Show less Read more
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