Nu Holdings Stock Keeps Growing Fast. Does It Still Deserve a Growth Multiple?

Nu Holdings, a Latin American fintech bank operating in Brazil, Mexico, and Colombia, continues rapid growth with 135 million customers and 170% revenue growth over three years. Despite trading at a P/E ratio of 22 (higher than typical banks), the article argues the stock remains undervalued given its strong earnings inflection, 41% year-over-year net income growth, and significant runway for customer expansion and revenue per user increases.