Susquehanna Lifts Price Target to $22, Cites 16% YoY Customer Growth
Susquehanna raised its 2026 price target for Nu Holdings to $22 from $19, projecting global expansion and citing stable delinquency rates and robust unit economics that support the buy consensus implying a 15.9% upside. Q3 customer additions of 4.3 million brought the base to 127 million, a 16% year-over-year increase.
1. Analyst Upgrades and Consensus
Susquehanna raised its 2026 price target for Nu Holdings to $22 from $19 and maintains a Positive rating, while Goldman Sachs reaffirmed a Buy rating with a $21 target, contributing to a median analyst consensus implying a 15.9% upside.
2. Global Expansion Plans
Susquehanna projects a strong 2026 as Nu Holdings enters a global expansion phase, aiming to replicate its Latin American growth model in the US market bolstered by recent regulatory approvals.
3. Customer Growth Metrics
In Q3, Nu Holdings added 4.3 million customers to reach a total of 127 million, representing a 16% increase year-over-year across key markets in Brazil, Mexico and Colombia.
4. Asset Quality and Unit Economics
The company’s stable delinquency rates and robust unit economics underpin its profitability and support ongoing investments in product development and market expansion.