Citi Reiterates a Buy Rating on Nu Holdings (NU), Keeps the PT

Nu Holdings Ltd. (NYSE:NU) is one of the Best Performing Financial Stocks So Far in 2025.  On September 10, Citi analyst Gustavo Schroden reiterated a Buy rating on Nu Holdings Ltd. (NYSE:NU) with a price target of $18.

The analyst noted that the company has shown strong growth prospects in Mexico since its launch of operations in Q4 2022. The company has reported a rapid increase in deposits and credits, gaining meaningful traction with customers in the Mexican market.

Schroden elaborated that the Mexican consumer market is large, making it an attractive opportunity. He added that Nu Holdings Ltd. (NYSE:NU )’s expansion strategy in Mexico is similar to the strategy it used in Brazil, which adds credibility to the company’s prospects.

Nu Holdings Ltd. (NYSE:NU) is a Brazil-based company providing digital banking services. It offers customers products for spending, saving, investing, borrowing, and protecting their finances.

While we acknowledge the potential of NU to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NU and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.