Goldman Sachs predicts Nu Holdings could rise 60-70% after US launch

Goldman Sachs is betting big on Nubank’s American ambitions. The investment bank has maintained its Buy rating on Nu Holdings (NYSE: NU) with a price target of $22, implying roughly 60-70% upside from the stock’s recent trading range around $13.50 to $14.50. What Nubank is actually offering Americans On September 10, Nubank rolled out a suite of consumer banking products in the US. The lineup includes a high-yield savings account with a 3.50% annual percentage yield, a no-fee Mastercard credit card, and remittance services. The launch was facilitated through a partnership with Lead Bank, a Kansas City-based institution. Nubank received conditional approval from the Office of the Comptroller of the Currency back in January for a US national bank charter, with full approval anticipated by 2027. The strategic playbook is clear: go after consumers who feel underserved by incumbents. In the US, that means focusing on Hispanic communities and younger demographics. The stablecoin angle is real Perhaps the most interesting piece of Nubank’s US expansion is Nu Global, a multi-currency account feature that uses stablecoins, specifically USDC and EURC, to power cross-border transactions acros...