NU - Nu Holdings: The LATAM Stock To Set An Alert Wait And Hit Buy
2024-03-07 05:44:52 ET
Summary
- The company has achieved impressive financial performance, with strong revenue growth, profitability, and improving average revenue per active customer while maintaining per-customer service cost constant.
- Nu’s strategy of growing through cross-selling to Brazilian customers and the introduction of savings accounts in Colombia and Mexico makes me believe that there is still ample room for growth.
- Despite the company’s stock surging impressively from historic lows, the decreasing multiples due to favorable accounting data are compelling signals that reinforce my strong buy rating.
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Nu Holdings: The LATAM Stock To Set An Alert, Wait, And Hit Buy