Is Nu Stock a Buy Now?
The all-digital bank reports earnings this week, and investors will be watching.
There's been a lot of excitement in the stock market so far in 2025, mostly related to artificial intelligence (AI). The DeepSeek launch took investors by surprise a few weeks ago, and since then there's been a torrent of high-profile earnings reports like those of Apple, Amazon, and Alphabet.
Despite all that, the S&P 500 index is up only 3% this year. It's just off its all-time high, and valuations are looking expensive right now. Yet, there are still bargains to be had and excellent stocks with long-term potential. Let's take a look at Nu Holdings (NYSE: NU) and see if it should be on your buy list this year.
Nu has demonstrated stellar growth since becoming a public company in 2021. It has grown its revenue by high double digit rates, and net income too has been increasing at a high rate, climbing from $303 million to $553.4 million year over year in the third quarter.
