As of Wednesday, 19 November 2025, shares of Nu Holdings Ltd. (NYSE: NU) – the parent of Brazilian digital bank Nubank – are trading just below recent record highs after a week packed with strong earnings, analyst upgrades and fresh valuation debates.
During today’s session, NU has been changing hands in the mid‑$15s, around $15.4–$15.5, modestly above Tuesday’s close of about $15.32. That leaves the stock only a few percentage points below its recent 52‑week high near $16.55 and well above its 52‑week low around $9.01. [1]
Over the past three years, Nu Holdings’ share price has climbed roughly 266%, and it is up about 49% year‑to‑date as of mid‑November, according to recent fundamental research. [2] That rally is now colliding with mounting questions over valuation as the company posts record profits but trades at a hefty premium to traditional banks.
Nu Holdings stock price today (19 November 2025)
Key snapshot for NU as of today’s trading:
- Share price: roughly $15.4–$15.5 intraday. [3]
- Change vs Tuesday: up around 1% from the prior close near $15.32. [4]
- 52‑week range:$9.01 – $16.55, leaving the stock about 6–7% below its recent high. [5]
- Market capitalization: in the mid‑$70 billion range, based on current pricing and share count. [6]
- Multi‑year performance: approximately +266% over three years and +48.8% year‑to‑date, per recent valuation analysis. [7]
Technical services such as StockInvest note that NU finished Tuesday, November 18 at $15.32, down about 1.7% on the day, but still in a positive medium‑term trend. [8] Today’s mild rebound looks more like consolidation near highs than a sharp reversal.
At the time of writing, there are no major fresh company press releases or regulatory filings dated 19 November itself. Instead, today’s trading is being driven by news and research published over the past week, which investors are still digesting.
The key Nu Holdings news driving sentiment this week
Although most of the headlines hit before today, they remain the core narrative for NU on 19 November 2025:
1. Q3 2025 earnings: record profits and ROE above 30% (13 November)
On 13 November 2025, Nu Holdings reported record third‑quarter results:
- Net income:$783 million, up about 39% year‑on‑year on a currency‑neutral basis, beating analyst expectations around $757 million.
- Revenue:$4.2 billion, also up roughly 39% and above market estimates of about $3.8 billion.
- Annualized return on equity (ROE): around 31%, a record for the company.
- Net interest income: up 32% year‑on‑year, though the net interest margin slipped about 1 percentage point to 17.3%.
- Customer base: about 127 million clients across Brazil, Mexico and Colombia.
- Credit portfolio: roughly $30.4 billion, up about 42% year‑on‑year. [9]
Delinquency trends were broadly stable: Brazil’s 15‑to‑90‑day delinquency rate improved to 4.2%, while 90‑day‑plus delinquencies were around 6.8%, slightly higher than the prior quarter but better than a year earlier, which management attributed to seasonal factors. [10]
Shares initially rose about 3% in post‑market trading after the release, underscoring how much of today’s price level still reflects that earnings surprise. [11]
2. Analyst upgrades and price‑target hikes (mainly 14 November and August)
A string of bullish analyst calls is also underpinning NU’s price around the mid‑$15s:
- KeyBanc lifted its price target from $15 to $19 and kept an Overweight rating on 14 November.
- Susquehanna raised its target from $17 to $19 and maintained a Positive rating the same day. [12]
- Earlier in 2025, Citigroup upgraded NU from Sell to Buy and boosted its target from $9 to $18, while JPMorgan, Bank of America, UBS, Bradesco and others have steadily nudged targets into the mid‑teens to high‑teens range. [13]
Across Wall Street:
- MarketBeat shows a “Moderate Buy” consensus, with 8 Buy and 4 Hold ratings and an average 12‑month target of about $17.33, implying roughly 12% upside from current levels. [14]
- TipRanks aggregates a “Strong Buy” view from 14 analysts, with an average target also near $17.33, about 9–10% above the latest price, and highlights a P/E of ~30x and a market cap near $76 billion. [15]
- Indian platform INDmoney reports that 24 analysts cover NU, 75% of whom rate it a Buy, with an average target of $17.98 – roughly 13.6% upside from a current price around $15.54. [16]
These targets help explain why the stock has stayed buoyant even after such a strong multi‑year run.
3. SWOT and strategy analysis: AI, CLIP and LatAm expansion (17 November)
On 17 November, Investing.com published an in‑depth SWOT analysis of Nu Holdings that is widely cited in today’s discussions. Key points include: [17]
- Strengths
- Massive scale, with around 105 million customers in Brazil, roughly 60% of the country’s adult population.
- A digital‑only, low‑cost model that avoids the heavy branch network typical of incumbent banks.
- Heavy investment in AI‑driven risk modelling, which analysts believe could support risk‑adjusted NIM of 10–11% in coming quarters.
- Rapid scalability across new products like SME lending and merchant payments (NuPay).
- Opportunities
- Growing SME lending franchise in Brazil.
- Aggressive push into payroll‑deducted loans, where Nu aims for ~10% market share by 2026, far above some consensus estimates.
- Deeper expansion in Mexico and Colombia, where differentiated deposit and pricing strategies are stabilising funding.
- Risks
- Heavy exposure to Brazil’s economic cycle.
- Rising funding costs as competition for deposits intensifies.
- Potential margin compression from higher provisions and higher deposit rates, especially if local interest rates stay elevated longer than expected.
This SWOT work has become a reference point for investors reassessing NU’s risk‑reward profile this week.
4. Valuation debate: is NU overvalued after a 266% three‑year rally? (15 November)
A 15 November valuation piece from Simply Wall St sparked renewed debate over whether Nu’s current price fully reflects its growth. [18] According to that analysis:
- Nu’s share price is up 266% in three years and nearly 49% in 2025 so far.
- The stock trades at a P/E around 30x, versus about 11x for the broader banking industry and similar peers.
- Their internal models suggest NU may be trading at roughly a 56% premium to their estimate of intrinsic value, leading them to label the stock “overvalued” on their framework.
While the specifics depend on each model’s assumptions, the piece crystallizes the tension between exceptional growth metrics and stretched valuation that many investors are wrestling with today.
5. Institutional flows and technical picture (18 November)
A detailed 18 November article on TS2.tech dissected NU’s price move and institutional flows for Tuesday’s session: Ts2 Tech
- NU closed around $15.34 on 18 November, down about 1.7% on the day, in an intraday range roughly between $15.31 and $15.67.
- Regulatory filings (13F‑style) showed some large funds trimming positions – for example, certain public pension funds and quantitative managers reduced stakes – while other institutions opened or increased positions, leaving institutional ownership still around 84% of the float.
- The article frames this as profit‑taking and position fine‑tuning, not wholesale abandonment, and underscores the high institutional base that can amplify both upside and downside moves.
For short‑term traders, that helps explain the mild pullback into today’s consolidation around the mid‑$15s.
6. Recent product, partnership and policy news (early November and late September)
Several operational and strategic announcements from earlier this quarter are also part of the background for today’s trade:
- New credit‑building tools & higher card limits (11 November): Nubank rolled out tools aimed at responsible credit building and increasing card limits, reinforcing its push up the credit curve while emphasising risk control. [19]
- Amazon partnership & NuPay integration (5–6 November): Amazon Brazil and Nubank announced a partnership to integrate NuPay as a payment option, alongside a wider collaboration that includes co‑marketing and deeper ecosystem integration. [20]
- New hybrid work model for 2026 (6 November): Nubank outlined a new hybrid work model for 2026, signalling continued investment in culture and productivity as it scales. [21]
- U.S. national bank charter application (30 September): In late September, Nubank applied for a U.S. national bank charter, a major step in its expansion beyond Latin America and a longer‑term potential catalyst closely watched by investors today. [22]
All of these developments feed into how the market is valuing NU on 19 November, even if they don’t carry today’s date.
Growth outlook: what the numbers say
Despite short‑term noise, most fundamental data still paint Nu Holdings as a high‑growth financial platform:
- Analyst forecasts compiled by Simply Wall St suggest Nu’s earnings could grow around 34% per year, with revenue growth near 46% per year over the next few years – far above the broader U.S. market’s expected growth. [23]
- The same dataset points to a future ROE around 30% in three years’ time, underscoring how profitable the business is expected to remain even as it scales. [24]
- Investing.com’s SWOT piece cites sell‑side projections for net income of roughly $2.8 billion in 2025 and $3.9 billion in 2026, alongside strong growth in net interest income and operating income. [25]
Put simply, the Street still expects Nu to compound at rates that justify a premium multiple – but opinions differ on how big that premium should be after the rally.
Valuation: premium multiple with diverging views
On 19 November 2025, most data providers converge on Nu trading at roughly a 30x trailing P/E and around 4–5x price‑to‑sales, clearly richer than many traditional banks. [26]
There are two main camps in today’s debate:
- The bull case
- Nu’s unit economics, AI‑driven risk models, and digital cost base justify a premium valuation relative to brick‑and‑mortar banks. [27]
- High forecast earnings and revenue growth, plus strong ROE, mean the current multiple could compress naturally as profits catch up. [28]
- Partnerships (Amazon, Uber, Oxxo in Mexico), new products and potential U.S. banking operations create a long runway of optionality. [29]
- The bear (or cautious) case
- At ~30x earnings, Nu trades at what some valuation models view as a significant premium; Simply Wall St’s latest piece estimates the stock is more than 50% above their fair value. [30]
- Asset quality and funding costs are still in focus: some analysts point to slightly higher 90‑day delinquencies and elevated funding costs as potential pressure points if macro conditions deteriorate. [31]
- Brazil‑centric risk and regulatory tightening – including moves to regulate crypto and digital finance more heavily – add a macro and regulatory overhang that doesn’t affect many U.S. banks to the same extent. Ts2 Tech+1
Today’s modest gain, after a 1.7% dip yesterday, suggests the market is balancing these narratives, rather than embracing either extreme.
Key risks investors are watching today
As NU trades near the top of its historical range, several risk themes are front‑of‑mind on 19 November:
- Brazilian macro backdrop
A weaker‑than‑expected economy or prolonged high interest rates could hurt consumer credit quality and slow loan growth, particularly in credit cards and personal loans. [32] - Credit quality and provisions
While current delinquency trends are manageable, any spike in 90‑day‑plus delinquency or need for higher provisions would quickly show up in earnings. [33] - Funding costs and competition
Traditional banks and other fintechs are competing aggressively for deposits, forcing some increase in deposit rates and potentially eroding Nu’s funding edge. [34] - Regulation of digital finance
Brazil is tightening rules across digital banking and cross‑border flows – including exploring taxes on some crypto transactions – which may raise compliance costs for all players in the ecosystem. Larger, well‑capitalised platforms like Nubank could ultimately benefit, but the rules are still evolving. Ts2 Tech+1 - Valuation and sentiment risk
After such a sharp multi‑year run, Nu is vulnerable to abrupt sentiment shifts if growth slows or if any quarter disappoints relative to high expectations. The recent divergence between bullish price targets and “overvalued” labels from some models captures that fragility. [35]
What today’s setup means for Nu Holdings stock
On 19 November 2025, Nu Holdings looks like a maturing but still high‑growth fintech franchise:
- The company is delivering record profits and ROE north of 30%, expanding in multiple Latin American markets and eyeing a future U.S. presence. [36]
- Wall Street’s consensus remains firmly positive, with price targets clustered in the high‑teens and most major brokers rating the stock Buy or Overweight, even after the run‑up. [37]
- At the same time, valuation‑focused analyses argue that much of that growth is already reflected in the price, leaving less margin for error if macro, regulation or credit trends break the wrong way. [38]
For now, today’s modest move around the mid‑$15s suggests the market is in “wait‑and‑see” mode: consolidating near highs while investors digest Q3 results, assess the latest analyst work, and watch how Brazil’s macro and regulatory story evolves.
Important note
This article is for information and news purposes only and does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. It does not take into account your individual objectives, financial situation or needs. If you are considering an investment in Nu Holdings or any other stock, you should do your own research and/or consult a licensed financial professional.
References
1. www.investing.com, 2. simplywall.st, 3. www.investing.com, 4. stockinvest.us, 5. stockinvest.us, 6. stockinvest.us, 7. simplywall.st, 8. stockinvest.us, 9. www.reuters.com, 10. www.reuters.com, 11. www.reuters.com, 12. www.marketbeat.com, 13. www.marketbeat.com, 14. www.marketbeat.com, 15. www.tipranks.com, 16. www.indmoney.com, 17. www.investing.com, 18. simplywall.st, 19. www.marketscreener.com, 20. www.marketscreener.com, 21. www.marketscreener.com, 22. www.reuters.com, 23. simplywall.st, 24. simplywall.st, 25. www.investing.com, 26. www.tipranks.com, 27. www.tipranks.com, 28. simplywall.st, 29. www.marketscreener.com, 30. simplywall.st, 31. www.reuters.com, 32. www.investing.com, 33. www.reuters.com, 34. www.investing.com, 35. simplywall.st, 36. www.reuters.com, 37. www.marketbeat.com, 38. simplywall.st
