Nu Holdings Surges on Record Profit Milestone and Analyst Upgrades

Nu Holdings stock surged around 6% to $15.32 on September 2, following a post-earnings pullback.

The company's Q2 2026 net income hit $1.06-$1.1 billion, marking the first time quarterly profit crossed the $1 billion mark and representing a 67% year-over-year increase.

Earnings per share (EPS) beat analyst estimates by 13%, while revenue grew approximately 52% year-over-year.

Multiple analysts upgraded or raised price targets for Nu Holdings, including Citi, JPMorgan, BTG Pactual, and UBS. Citi double-upgraded the stock to Buy with a $18 price target.

A $1 billion share buyback program was also announced by Nu Holdings, contributing to positive sentiment.