11 Best Digital Payments Stocks to Buy According to Analysts

6. Nu Holdings Ltd. (NYSE:NU)

Analysts’ Upside Potential as of April 9: 54.06%               

Nu Holdings Ltd. (NYSE:NU) provides digital banking services, ranking it among the Best Digital Money Stocks. It provides a variety of financial services, including credit cards, personal accounts, investments, personal loans, insurance, mobile payments, business accounts, and rewards. The company generates the majority of its revenue in Brazil.

The previous year was a record for the company. Nu Holdings Ltd. (NYSE:NU) generated outstanding results in 2024, with revenue jumping 58% YoY to $11.5 billion, driven by a 23% rise in average revenue per active client, which reached $10.7. The firm experienced significant client growth, finishing the year with 114 million users, with a gain of 20.4 million new subscribers. Active customer growth was high at 22% YoY. Profitability also climbed, with net income nearly doubling to close to $2 billion, resulting in a 28% annualized return on equity. Operational efficiency reached new highs, with the efficiency ratio dropping to 29.9%, ranking Nu among the Best Digital Payment Stocks.

Nu Holdings Ltd. (NYSE:NU) witnessed deposits soar 55% YoY to $28.9 billion, while its interest-earning portfolio surged 75% to $11.2 billion. Customers in Mexico surpassed 10 million, with deposits rising 438% to $4.5 billion, while secured lending rose by 615% YoY to $1.4 billion.