Is Nu Holdings Stock a Buy, Sell, or Hold With Shares 20% Below Their 52-Week High?
Nu Holdings (NYSE: NU) is a Brazilian digital bank expanding into new markets, adding 4 million customers in Q2 2023, totaling 139 million. Revenue grew 39% YoY, net income 49%, with ARPU at $17.10. Shares are 20% below their 52-week high, trading at 5.5x book value and 20x earnings. The company is addressing credit risk concerns as it expands its credit business.






