Nu Holdings (NU) Surges 53% YTD: Should You Ride the Wave?

Zacks Investment Research Image Source: Nu Holdings Ltd. (NU) has had an impressive run this year. The stock has surged 52.7%, significantly outperforming the 22.6% rally of its industry. Despite facing challenges such as foreign exchange risks and intense competition, NU's future growth prospects remain promising. We believe key future growth catalysts are geographic expansion into countries like Argentina, Peru, Chile and Uruguay, as well as the enhancement of services in existing markets such as Mexico a ...