While waiting to find better entry points into the market's more popular tickers, too many investors are missing out on what might be even better opportunities.
Shares of digital banking platform Nubank (NYSE:NU) jumped 1.7% in the afternoon session after a series of positive analyst actions and reports of a potential billion-dollar acquisition.
Growth is oxygen.
But when it evaporates, the consequences can be severe - ask anyone who bought Cisco in the Dot-Com Bubble or newer investors who lived through the 2020 to 2022 COVID cycle.
Wall Street analysts have chosen three stocks to focus their upside scenarios on, considering their prices today don't reflect tomorrow's fundamentals.
Shares of digital banking platform Nubank (NYSE:NU) jumped 3% in the afternoon session after the company received a price target increase from BofA Securities, which cited improving profitability trends.
Shares of digital banking platform Nubank (NYSE:NU) jumped 3.7% in the afternoon session after receiving a rare double upgrade from Citi, which significantly boosted its rating on the stock. The firm issued a rare double upgrade, shifting its rating on the stock from “Sell” all the way to “Buy” and doubling its price target to $18 from $9. This dramatic shift in perspective follows Nu Holdings' strong second-quarter performance, which showed robust profit and revenue growth. Citi cited the potential for an earnings boost as a key reason for the change.
Curious about the most active stocks in today's session? Get a glimpse into the stocks that are generating the highest trading volume and capturing market attention.
Major tech-heavy indices edged lower from record highs by midday Friday in New York, as investors adopted a cautious stance ahead of the Trump-Putin meeting and after data showed a dip in consumer confidence alongside mounting inflation concerns.
