Goldman Sachs Sees About 70% Upside for Nubank After U.S. Expansion
JH Kim
Summary
- Global investment bank Goldman Sachs said digital bank Nubank has room for its stock to gain about 70% after entering the U.S. market.
- Goldman Sachs said Nubank’s U.S. business expansion could support a future increase in corporate value.
- If Goldman Sachs’s forecast materializes, Nubank shares would rise about 70% from current levels.
Global investment bank Goldman Sachs said digital bank Nubank has about 70% upside following its expansion into the U.S. market.
Cointelegraph reported on September 24 that Goldman Sachs expects Nubank’s broader U.S. business expansion to support a rise in the company’s valuation.
Nubank has recently entered the U.S. market, expanding its business footprint.
If Goldman Sachs’s projection materializes, Nubank shares would rise about 70% from current levels.
JH Kim
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