Nubank Gets Wall Street Nod as Growth Seen Justifying Valuation
- Analysts start coverage seeing upside potential of up to 71%
- Worsening backdrop in its largest market Brazil cited as risk
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Latin America’s most valuable financial company Nu Holdings Ltd. gained after analysts initiated coverage with mostly positive views, saying stronger growth prospects justified its valuation premium to peers.
Analysts from Morgan Stanley to Goldman Sachs Group Inc. see upside potential of as much as 71% from Friday’s close. The consensus rating -- a proxy for its ratio of buy, hold, and sell ratings -- is 4.44 out of five, Bloomberg data show. Shares closed 6.4% higher to $9.98 in New York Monday.