Added to YB: 2026-03-05
Pitch date: 2026-03-03
NU [neutral]
Nu Holdings Ltd.
+0.03%
current return
Author Info
No bio for this author
Company Info
Nu Holdings Ltd. provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States.
Market Cap
$73.8B
Pitch Price
$14.99
Price Target
32.00 (+117%)
Dividend
N/A
EV/EBITDA
N/A
P/E
25.98
EV/Sales
N/A
Sector
Banks
Category
growth
Nu Holdings Q4'25: The Compounding Machine
NU (earnings): Q4 rev beat +6%, ROE 33%, but stock -5% on provision spike. Real story: ARPAC jumped $11→$15 (+35% YoY), monetization density accelerating. Provisions up 60% from $18B→$29B unused credit limits (IFRS 9 front-loading), but actual NPLs improved (15-90d to 4.1%, 90+ to 6.6%). nuFormer AI driving limits expansion; revenue lags 2-3Q. US bank charter conditionally approved. Mgmt reframing as global platform vs LatAm bank, targeting multiple re-rate to 25-30x by 2028 from ~18x today. Bull case 50% wgt, implies $32 PT (from $15.50). Risk: Q1 NPL spike if AI underwriting too aggressive.
Read full article (8 min)