Nu Holdings Surpasses 127M Customers, Revenue Growth at 36% YoY
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 05 Jan 26
Source: NASDAQ.COM
Nu Holdings Ltd. saw a price increase of 4.20%, reaching a 20-day high, as the Nasdaq-100 rose by 1.05% and the S&P 500 gained 0.76%.
This surge is attributed to Nu Holdings surpassing 127 million customers, with analysts projecting a robust revenue growth of 36% for 2024, reflecting the company's successful expansion into new markets and enhanced cross-selling capabilities. The strong customer growth and positive revenue outlook indicate a solid market position for Nu Holdings, despite the overall market strength.
The implications of this growth are significant, as Nu's strategic expansion plans and increasing customer base position the company well for future profitability and market leadership in the competitive fintech landscape.
Analyst Views on NU
Wall Street analysts forecast NU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NU is 18.80 USD with a low forecast of 16.00 USD and a high forecast of 22.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
7 Buy
2 Hold
0 Sell
Strong Buy
Current: 18.760
Low
16.00
Averages
18.80
High
22.00
Current: 18.760
Low
16.00
Averages
18.80
High
22.00
About NU
Nu Holdings Ltd is a Brazil-based holding company, which engages in the provision of digital banking services. The Company offers its customers products across the five financial seasons: spending, saving, investing, borrowing, and protecting. Its spending solutions are designed to help customers pay for goods and services in their everyday lives with a customized credit line or instantly through a mobile phone, while collecting loyalty points and rewards on applicable transactions. Its savings solutions are designed to help customers deposit, manage, and save their money in interest-earning accounts with complementary debit cards. Its investing solutions are designed to help customers invest their money in investment products and services. Its borrowing solutions are designed to provide customers with unsecured loans that are easy to receive, manage, and pay back. Its protecting solutions are designed to help customers secure life insurance and funeral benefits.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
