What's Going On With Nu Holdings Stock Today?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 14 2024
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Source: Benzinga
Financial Performance: Nu Holdings Ltd. reported a strong second quarter with a 25% year-over-year increase in customers, reaching 104.5 million, and achieved a 28% return on equity despite challenges from weaker currencies in Latin America.
Market Impact: NU stock has risen over 60% in the past year, with significant investments from Warren Buffett's Berkshire Hathaway, which holds over 107 million shares.
Analyst Views on IPO
Wall Street analysts forecast IPO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IPO is USD with a low forecast of USD and a high forecast of 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.
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Current: 47.340
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Current: 47.340
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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.
