Nu Holdings (NU) Stock Rallies 6% After $1 Billion Profit Milestone and Analyst Upgrades
TLDR
- Nu Holdings stock rallied around 6% on September 2, reaching $15.32, recovering from a post-earnings pullback
- Q2 2026 net income hit $1.06-$1.1 billion, a 67% year-over-year increase, the first time quarterly profit crossed $1 billion
- EPS beat analyst estimates by 13% and revenue grew approximately 52% year-over-year
- Multiple analysts upgraded or raised price targets, including Citi, JPMorgan, BTG Pactual, and UBS
- A $1 billion share buyback program and a broad market rally added to positive sentiment
Nu Holdings stock was trading up around 6% on Tuesday, September 2, reaching $15.32 in morning trading. The move follows a pullback from post-earnings highs near $15.80, with the stock sliding toward $14.40 before buyers stepped back in.
The trigger for the original surge, and the reason buyers are returning now, is Nu’s Q2 2026 earnings report released in mid-August. For the first time, the company’s quarterly net income crossed the $1 billion mark, coming in at approximately $1.06 to $1.1 billion.
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