Nu Holdings Ltd [NYSE: NU] price surged by 2.75 percent to reach at $0.36.
The one-year NU stock forecast points to a potential downside of -2.82. The average equity rating for NU stock is currently 2.05, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Nu Holdings Ltd [NU]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NU shares is $13.10 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NU stock is a recommendation set at 2.05. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Barclays have made an estimate for Nu Holdings Ltd shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 26, 2024. While these analysts kept the previous recommendation, Redburn Atlantic raised their target price to Overweight. The new note on the price target was released on October 18, 2023, representing the official price target for Nu Holdings Ltd stock. Previously, the target price had yet another raise to $10.80, while Jefferies analysts kept a Buy rating on NU stock. On October 05, 2023, analysts decreased their price target for NU shares from 8.25 to 8.10.
The Average True Range (ATR) for Nu Holdings Ltd is set at 0.40, with the Price to Sales ratio for NU stock in the period of the last 12 months amounting to 7.92. The Price to Book ratio for the last quarter was 9.47, with the Price to Cash per share for the same quarter was set at 1.48. Price to Free Cash Flow for NU in the course of the last twelve months was 6.01.
NU Stock Performance Analysis:
Nu Holdings Ltd [NU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.45. With this latest performance, NU shares gained by 15.23% in over the last four-week period, additionally plugging by 48.84% over the last 6 months – not to mention a rise of 76.77% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NU stock in for the last two-week period is set at 63.32, with the RSI for the last a single of trading hit 64.44, and the three-weeks RSI is set at 61.89 for Nu Holdings Ltd [NU]. The present Moving Average for the last 50 days of trading for this stock 12.22, while it was recorded at 13.34 for the last single week of trading, and 10.21 for the last 200 days.
Nu Holdings Ltd [NU] Institutonal Ownership Details
The top three institutional holders of NU stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in NU stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in NU stock with ownership which is approximately 5.1238%.