Morgan Stanley Reiterates a Buy Rating on Nu Holdings Ltd. (NU) With an $18 PT

Nu Holdings Ltd. (NYSE:NU) is one of the most buzzing stocks to invest in right now. On August 15, Morgan Stanley analyst Jorge Kuri reiterated a Buy rating on Nu Holdings Ltd. (NYSE:NU) and set a price target of $18.00.

Baird Sees Strong AI Potential in monday.com (MNDY), Raises PT to $310

A wide angle shot of a team of bankers and financial advisors evaluating an investment portfolio on a touchscreen monitor.

The analyst based the rating on Nu Holdings Ltd.’s (NYSE:NU) growth potential and solid performance, stating that it reported notable quarterly results with total revenues and net income surpassing expectations due to strong credit growth.

The analyst considers the loan momentum acceleration as a key driver for future earnings upgrades, positioning Nu Holdings Ltd. (NYSE:NU) to continue exhibiting outperformance.

Nu Holdings Ltd. (NYSE:NU) is a provider of digital banking services.

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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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