Goldman Sachs has maintained its Buy rating on Nu Holdings with a price target of $22, implying roughly 60-70% upside from the stock’s current trading range around $13.50 to $14.50. On September 10, the Brazilian digital bank launched in the US with a high-yield savings account at 3.50% APY, a no-fee Mastercard credit card, and remittance services, through a partnership with Lead Bank. The most innovative feature is Nu Global, a multi-currency account using USDC and EURC stablecoins to power cross-border transactions across more than 35 countries. The expansion is expected to impact Nubank’s efficiency ratio by approximately 100 basis points, with costs projected at $200 to $300 million. Full OCC approval for a US national bank charter, anticipated by 2027, represents the key catalyst to watch.
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