Nu Holdings (NU) Stock: Why The Price Jumped Up Over 13% Today

By Amit Chowdhry ● May 13, 2022
  • The stock price of Nu Holdings Ltd (NYSE: NU) increased by over 13% during intraday trading today. This is why.

The stock price of Nu Holdings Ltd (NYSE: NU) increased by over 13% during intraday trading today. Investors are responding positively to a bullish research report.

Susquehanna analyst James Friedman assigned the company a $10 price target. And Friedman is maintaining a “Positive” rating on the shares.

Friedman adjusted the rating noting that despite margin headwinds (compared to credit books from peers), the company seems best suited for weathering a deterioration in credit quality. And when comparing to other players in the space, Friedman found that their low NPLs may be partially explained by its portfolio mix, which skews heavily toward low-risk and low-yielding credit card receivables.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.