JPMorgan raises target for Nu Holdings stock to USD 23.00

Nu Holdings (KYG6683N1034) was trading at EUR 13.84 at Lang & Schwarz on October 8, 2026 at 6:06 p.m. CEST, while JPMorgan had raised its price target to USD 23.00 from USD 20.00 on October 6, 2026. The target move gives the latest analyst call a clear numerical anchor, even as the euro quote stood below the prior close.

Three milestones define the climb

On March 31, 2026, Nu Holdings reported first-quarter net income of USD 871.43 million, according to Simply Wall St. On June 30, 2026, second-quarter gross revenue reached USD 5.9 billion, up 39.00 percent year over year, while net income reached USD 1.1 billion, up 49.00 percent, according to CEO.ca. On October 6, 2026, Markets Insider reported that JPMorgan raised its target from USD 20.00 to USD 23.00 while keeping an Overweight rating.

What does the target increase mean?

The USD 23.00 target is 48.39 percent above the USD 15.50 NYSE quote at 12:10 p.m. EDT on October 8, 2026. That gap contrasts with Nu Holdings' USD 75.1 billion market capitalization and places the target well above the USD 18.98 upper end of the stock's 52-week range.

The second-quarter figures explain why the valuation discussion remains tied to operating scale. Net interest income reached USD 3.7 billion, up 9.00 percent quarter over quarter, while the risk-adjusted net interest margin expanded to 12.40 percent from 9.50 percent in the first quarter, according to CEO.ca. The same report placed the total credit portfolio at USD 39.4 billion and deposits at USD 45.3 billion for the second quarter.

Next results date is November 12

Yahoo Finance lists November 12, 2026 as the next earnings date for Nu Holdings, while its market data identifies the company as listed on the NYSE under ticker NU. The upcoming report will test whether the second-quarter combination of 39.00 percent revenue growth and a 12.40 percent risk-adjusted net interest margin can support the higher analyst valuation.

Nu stock trades below its yearly high

At Lang & Schwarz, Nu Holdings was trading at EUR 13.84 on October 8, 2026 at 6:06 p.m. CEST, down 0.65 percent versus the EUR 13.93 prior close of October 7, 2026. The primary-market reference was USD 15.50 on the NYSE at 12:10 p.m. EDT, with a USD 11.20 to USD 18.98 52-week range.

The further course of trading is shown by the continuously updated real-time quote of Nu Holdings stock.

Market context: Market report S&P 500.

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