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Nu Holdings Ltd. (NYSE:NU) is one of the most buzzing stocks to invest in right now. On August 15, Morgan Stanley analyst Jorge Kuri reiterated a Buy rating on Nu Holdings Ltd. (NYSE:NU) and set a price target of $18.00.
The analyst based the rating on Nu Holdings Ltd.’s (NYSE:NU) growth potential and solid performance, stating that it reported notable quarterly results with total revenues and net income surpassing expectations due to strong credit growth.
The analyst considers the loan momentum acceleration as a key driver for future earnings upgrades, positioning Nu Holdings Ltd. (NYSE:NU) to continue exhibiting outperformance.
Nu Holdings Ltd. (NYSE:NU) is a provider of digital banking services.
While we acknowledge the potential of NU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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