Here's Why Nu Holdings Stock Is a Buy Before Feb. 20
The Latin American digital bank still looks like a promising investment.
Nu Holdings (NYSE: NU), the leading digital bank in Latin America, has been a divisive stock since its public debut three years ago. It went public at $9, dropped below $4 in 2022, but since then it has more than tripled to about $14 per share.
The bulls loved Nu because it was growing like a weed, it had plenty of room to expand, and it was backed by Warren Buffett's Berkshire Hathaway. The bears warned that Nu faced tough macro challenges in its core markets and a growing list of competitors across Latin America's evolving fintech sector.
Nu is expected to post its fourth-quarter earnings report on Feb. 20. I believe it's still a smart idea to buy the stock ahead of that report for seven simple reasons.
