UPDATE: Morgan Stanley Starts Nu Holdings (Nubank) (NU) at Overweight

January 3, 2022 1:48 AM EST
Get Alerts NU Hot Sheet
Price: $4.06 --0%

Rating Summary:
    15 Buy, 6 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 9 | Down: 30 | New: 23
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(Updated - January 3, 2022 1:56 AM EST)

Morgan Stanley analyst Jorge Kuri initiates coverage on Nu Holdings (Nubank) (NYSE: NU) with a Overweight rating and a price target of $16.00.

The analyst comments "We think the insights from our deep dive into digital banks herein provide strong support for our bullish view on NU. Particularly, our unique work on unit economics and our proprietary AlphaWise consumer survey underscore the power of Nubank's franchise and attractive growth opportunity. We think Nubank can become one of the largest and most profitable banking franchises in Latin America."

For an analyst ratings summary and ratings history on Nu Holdings (Nubank) click here. For more ratings news on Nu Holdings (Nubank) click here.

Shares of Nu Holdings (Nubank) closed at $9.38 yesterday.

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