BofA Lifts PT on Nu Holdings (NU) to $16 From $14, Keeps a Neutral Rating

Nu Holdings Ltd. (NYSE:NU) is one of the best high growth NYSE stocks that are profitable. On August 25, BofA analyst Mario Pierry raised the firm’s price target on Nu Holdings Ltd. (NYSE:NU) to $16 from $14, keeping a Neutral rating on the shares.

The analyst told investors in a post-earnings note that the company’s share price appreciated 16% since the release of its Q2 results, which “resonated well with the bulls.”

However, the firm viewed the operating trends as mixed, seeing high senior management turnover as a risk.

Headquartered in George Town, Cayman Islands, 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.