---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000965609.md"
description: "$NU Holdings(NU.US)Context: Nu Holdings stock dropped sharply after Luiz Inácio Lula da Silva won the closely watched election against Flavio Bolsonaro. The retreat coincided with a broader sell-off in Brazilian companies. Still, despite these challenges, analysts have maintained a bullish outlook for the stock. Benzinga data shows that the average target for the stock is $18.25, up by 57% from the current level. Thiago Batista, a UBS analyst, hiked his target to $20.50 from the previous $18.20, while JPMorgan raised its target from $20 to $23. These analysts have pointed to the company’s user and revenue growth and the fact that its profits are rising. Also, the company is expanding its business in the United States, where it has received a conditional bank charter. The bank plans to have hubs in places like Miami, San Francisco, Northern Virginia, and North Carolina. Nu Holdings’ business has been in a strong growth trajectory as it became the biggest digital bank in Latin America. Its annual revenue has jumped from $1.7 billion in 2021 to $15 billion last year. Analysts expect its annual revenue to hit $22 billion this year and $28.27 billion next year. Its most recent results showed that its revenue jumped to $5.9 billion in Q2 from $3.8 billion in the same period last year. In addition to dominating Brazil, it has now become the biggest neobank in Mexico with over 16 million customers, 16.5% of its adult population. This means that it has more room to grow in the country over time.My Trade: I think it's a no-brainer to add at these current prices. Nu has proved from time to time that it is one of the more consistent Fintech in the market.Takeaway: The steep drop was due to a change in political expectations. Nothing changed with the company's fundamentals. The share price is currently undervalued imo. @Captain's Treasure"
datetime: "2026-11-02T13:51:58.000Z"
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author: "[NewUser_CkrdqW ](https://longbridge.com/en/profiles/16451694.md)"
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---

# $NU Holdings(NU.US)Context: Nu Holdings stock drop…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**