What Happened?
Shares of digital banking platform Nubank (NYSE: NU) jumped 4.9% in the afternoon session after the stock hit an all-time high amid positive analyst commentary and strong investor confidence.
KeyBanc Capital Markets increased its price target to $19, and BofA Securities raised its target to $18, following the company's strong third-quarter results that surpassed expectations. Goldman Sachs also maintained a Buy rating with a $21 price target. This investor optimism was further supported by Nubank's announcement of its plans to obtain a banking license in Brazil. The move also came as the broader fintech sector saw positive developments, with industry leaders expecting 2026 to be a defining year for operationally mature companies.
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What Is The Market Telling Us
Nubank’s shares are quite volatile and have had 16 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 18 days ago when the stock gained 1.9% on the news that it received positive analyst commentary and the launch of a new investment product.
Goldman Sachs reiterated a Buy rating and maintained a $21 price target on the company's stock, calling it one of its “best ideas.” The firm's positive outlook was based on expected earnings growth in 2026–2027. Separately, Morgan Stanley highlighted Nubank's progress in artificial intelligence, better deposit pricing plans in Brazil and Mexico, and new business in the small and medium enterprise sector. Adding to the positive news, the company's Nu Asset division launched NLFA11, a new private credit exchange-traded fund (ETF). This move was part of its plan to offer new and clear investment options using technology.
Nubank is up 5.3% since the beginning of the year, and at $17.93 per share, has set a new 52-week high. Investors who bought $1,000 worth of Nubank’s shares at the IPO in December 2021 would now be looking at an investment worth $1,735.
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