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NU - Nu Holdings: The Opportunity In LATAM Is Huge And Valuation Seems Right
June, 25 2024 12:52 PM
Nu Holdings Ltd. Class A
2024-06-25 12:52:54 ET
Summary Nu is a neobank with a strong presence in Latin American countries, showing 105% annual growth between 2020-2023. The company operates in Brazil, Mexico, and Colombia, with potential for expansion in other countries due to low banking penetration. In each country it arrives, the company ends up becoming a leader, which demonstrates a great product behind. Despite the 45% YTD return, I think the valuation is still attractive.
Investment Thesis For further details see:
Nu Holdings: The Opportunity In LATAM Is Huge And Valuation Seems Right
Stock Information
Company Name:
Nu Holdings Ltd. Class A
Stock Symbol:
NU
Market:
NYSE
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