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Stock impact report

BofA Lowers PT on NU Holdings (NU), Keeps a Hold Rating [Yahoo! Finance]

Nu Holdings Ltd. (NU) 
Company Research Source: Yahoo! Finance
price target on Nu Holdings Ltd. (NYSE:NU) from $18 to $17, while maintaining a Hold rating on the stock. ?The firm cited reducing its target price to earnings multiple from 22 times to 21 times. This reflects the de-rating of high-growth financial companies internationally. ?Moreover, the firm also noted that the company's earnings before tax missed BofA's estimates by around 15%. Regardless, BofA continues to maintain its net income estimates for Nu Holdings. The firm expects that higher operating expenses will be offset by stronger revenue. BofA expects earnings growth of 45% in 2026 and 28% in 2027 for the bank. ?That said, on March 9, Jorge Kuri from Morgan Stanley reiterated a Buy rating on the stock with a price target of $21. The analyst cited the bank's AI-centric business model as one of the main factors behind the bullish sentiment. ?Nu Holdings Ltd. (NYSE:NU) operates as Nubank, one of the largest digital banking platforms in the world. The company ranks ninth in t Show less Read more
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