1. NU's Q2 earnings met estimates at 13 cents per share. 2. Revenue missed expectations at $3.66 billion. 3. Customer base increased by 17% year-over-year to 122.7 million. 4. Goldman Sachs raised NU's price target to $20, maintaining a Buy rating. 5. NIM growth expected in Mexico and Colombia, enhancing profitability.
NU's strong customer growth and a positive analyst outlook suggest future gains. Historical performance shows that missed revenue can be offset by strong fundamentals, as seen in previous quarters.
The article outlines key financials and growth prospects boosting investor confidence. Analyst upgrades enhance perceived value and can influence market sentiment.
Price momentum may be short-lived, driven by recent earnings news. Analysts predict upcoming NIM enhancements impacting third-quarter results.