Nu Holdings: Cheap For No Good Reason

Nu Holdings remains a Strong Buy despite an 18% stock decline and delayed bull case realization. Top and bottom-line acceleration, undervaluation, and premium fundamentals underpin my bullish stance on NU. The fintech market's potential to triple offers a significant multi-year tailwind for NU's growth prospects. Risks include margin compression, weaker growth, and competition, but NU's low leverage and strong margins support continued optimism.

While I have been bullish on Nu Holdings (NU) for quite some time now. Well, my bull case hasn't played out the way I thought it would have. But I am not too concerned here. Why? Well, its fundamentals have