Nu Holdings Ltd. reported its third quarter 2024 financial results, achieving earnings per share (EPS) of $0.11, matching analyst expectations. The company also reported sales of $2.94 billion, exceeding the estimated $2.85 billion. In terms of growth metrics, Nu Holdings saw a 38% increase in revenue and a 47% rise in gross profit year-over-year. Net income surged by 83%, with monthly active customers growing by 24%. The stock rose by 4.09% in after-hours trading following the announcement. Analysts have raised the price target for Nu Holdings to $18 from $16, citing expansion into promising markets in Mexico and Colombia as a key growth driver. However, some analysts have downgraded the stock to 'Market Perform' with a price target set at $15, reflecting mixed sentiments about its future performance.