Nu Holdings’ Strategic Banking License Moves and Strong Financial Health Justify Buy Rating
Goldman Sachs analyst Tito Labarta maintains a Buy rating on Nu Holdings with a $21 target, citing strategic moves like applying for a banking license in Brazil, which aligns with regulatory requirements without affecting capital. Nu Holdings' strong capital position and expansion into Mexico and the U.S. support this rating. Banco Santander also upgraded the stock to a Buy with a $22 target.
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