Nu Holdings Ltd Ordinary Shares Class A

NU: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Nubank: We Launch Coverage With $15.30 Fair Value Estimate and Narrow Moat Rating

Michael Miller

Apr 1, 2026

We are initiating coverage of Nu Holdings, parent of Nubank, the largest financial technology firm in Brazil and leading player in the country's digital banking industry. While around 90% of Nubank's revenue is from Brazil, its Colombian and Mexican expansions are enjoying rapid growth.

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Nu Holdings Ltd Ordinary Shares Class A

Nubank: We Launch Coverage With $15.30 Fair Value Estimate and Narrow Moat Rating

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