Nu Holdings Ltd. (NYSE:NU) is one of the best undervalued stocks under $50 to invest in now. On March 19, Nu Holdings Ltd. (NYSE:NU) was upgraded to Buy from Neutral by UBS. The firm also lifted the price target on the stock to $17.60 from $17.20, telling investors in a research note that the stock’s current valuation is attractive, given Nu Holdings Ltd.’s (NYSE:NU) earnings growth expectations. It further stated that the shares are trading at the same valuation levels as in 2023, and this trend is persisting despite the company’s earnings doubling since then. The firm anticipates the company to continue reporting growth, driven primarily by factors such as the ongoing acceleration of its loan portfolio.
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Nu Holdings Ltd. (NYSE:NU) also received a rating update from Morgan Stanley on March 2. The firm lifted the price target on the stock to $21 from $18 and maintained an Overweight rating on the shares. The firm released the rating update after having hosted an investor roundtable with Nubank’s CFO after fiscal Q4 results, and stated that the discussion reaffirmed the company’s “long-term compounding story”. The firm also lifted its EPS forecast, adding that it sees consensus as “well behind.”
Headquartered in George Town, Cayman Islands, Nu Holdings Ltd. (NYSE:NU) is a provider of digital banking services.
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