Nu Holdings jumps premarket as Citi doubles price target to $18

Nu Holdings stock rose premarket after Citi upgraded it to 'Buy' from 'Sell' and doubled its price target to $18, implying 37% upside. Analysts cited strong earnings momentum in Brazil, Mexico, and Colombia. Nu recently posted record net interest income of $2.1 billion and added 4.1 million customers. Retail sentiment was 'extremely bullish'.