Morgan Stanley Sees Nubank Reaching $100 Billion Value by 2026
- Wall Street bank says shares are poised to more than double
- Lender seen replicating Brazil success in Mexico, Colombia
The Nubank logo on a smartphone arranged in Mexico City, Mexico, on Saturday, Aug. 5, 2023.
Photographer: Alejandro Cegarra/BloombergThis article is for subscribers only.
Shares in Nu Holdings Ltd. are set to more than double by the end of 2026, pushing its market value above $100 billion as the digital bank backed by Warren Buffett’s Berkshire Hathaway Inc. expands across Latin America, according to Morgan Stanley.
Nubank, as the Brazilian online lender is known, could reach $16 a share by the end of next year and $20.9 by December 2026 as it offers more products to clients in its largest market — Brazil — and also grows in other countries, analysts led by Jorge Kuri wrote in a note dated Oct. 18.