NEW YORK, July 8, 2026, 15:03 EDT
Nu Holdings Ltd. shares traded in the U.S. dropped Wednesday afternoon, down 26.5 cents to $13.345. Investors continued to sell the Nubank parent company, even as Wall Street offered new support. About 46.8 million shares changed hands. The stock moved between $13.23 and $13.58.
The timing stands out as JPMorgan just bumped its price target on Nu up to $20 from $18, keeping an “overweight” call. That generally signals the analyst sees Nu beating its benchmark or peers. MarketBeat, referencing Benzinga, noted the target suggests about 42.5% upside from the last close. MarketBeat
Nu shares are moving with some governance news. The company filed a Form 6-K, the typical statement for foreign firms, setting its annual meeting for Aug. 6 in São Paulo and online. Shareholders will vote on the 2025 accounts and re-elect nine directors.
This is standard, but the timing puts the focus back on a stock that’s still moving on any indication that rapid credit growth may mean more risk. WSJ data shows analysts are mostly “overweight” right now, based on a median target of $18. The shares last traded near $13.34. The Wall Street Journal
Needham’s Kyle Peterson started coverage with a Buy in late June, setting a $17 target. Peterson called Nu’s Brazil unit a “scaled and profitable customer base” he thinks can back moves into other markets, Benzinga said. Benzinga
Credit is where things can shift fast. In May, Nu said it had more than 135 million customers, quarterly revenue over $5 billion, net income of $871 million, and a 29% return on equity. CEO David Vélez said the company is “rebuilding banking around AI.” But 15-to-90-day non-performing loans rose to 5.0% in the same report. A sharper move up in that number would be the most obvious risk for the stock. Nu International
Stocks stayed weak. Itaú Unibanco’s U.S. shares slipped around 1%, StoneCo dropped 1.3%, MercadoLibre edged down, and the iShares MSCI Brazil ETF lost roughly 0.7%. The SPDR S&P 500 ETF was also trading lower.
Investors are looking at a management change coming up at Nu. Rob Livingston, who was Visa North America’s CFO, is set to take over as CFO on July 13, the company said. He will replace Guilherme Lago, who will shift into a special adviser position during the handover. Nu added that this doesn’t impact its operating model, risk appetite or long-term strategy.
A buyback is still in play, but hasn’t kept Nu shares from trading with the mood. On June 4, the company said its board cleared a plan to buy back as much as $1 billion of Class A stock over the next year. Nu said how much it actually buys and when will depend on the market and other things.
The moves in Nu’s stock aren’t so much a pushback on its growth pitch as a check on investor patience. What happens next will come down to whether Nubank can keep growing its user base and products before credit costs start to bite into profits.
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