NU - 3 Reasons to Buy Nu Stock Like There's No Tomorrow
2024-05-23 06:00:00 ET
If you're looking for a high-growth stock in an exploding industry operating in an underpenetrated region, look no further than the Brazilian fintech Nu Holdings (NYSE: NU) . This lesser-known Warren Buffett holding is demonstrating incredible performance, and there are many reasons to be confident about its continued prospects. Here are three reasons to buy:
Nu is still a fairly young company, with $6.5 billion in trailing-12-month revenue, and is making a big splash in the three countries it operates in right now. The business is headquartered in Brazil, where it already counts 54% of the adult population as members.
And Nu is still adding millions of customers each quarter and ramping up new launches for its credit products, targeting new demographics, including the affluent.
For further details see:
3 Reasons to Buy Nu Stock Like There's No Tomorrow