Nu Holdings: Unveiling the Potential for Parabolic Growth in 2024
Saturday, 20 April 2024, 07:52
Why Nu Holdings Stands Out
Investors are advised to focus on Nu Holdings, the little-known digital bank backed by Warren Buffett's Berkshire Hathaway. While most attention goes to Berkshire's top holdings, Nu's growth potential is gaining traction.
Nu’s Growth Trajectory
- Nu serves 93.9 million customers across Latin America.
- Revenue soared 168% in 2022 and 63% in 2023.
- Analysts expect revenue to rise by 38% in 2024 and 25% in 2025.
- Adjusted net income surged by 2,858% in 2022 and 469% in 2023.
Factors Driving Nu's Growth
- Strong financial performance with expanding customer base and services.
- Maintained margins amid growth, without sacrificing profitability.
- Expectations of continued growth driven by market expansion and service offerings.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.