Nu Holdings Ltd. Class A Ordinary Shares (NU)

Shares of digital banking platform Nubank (NYSE:NU) jumped 3.7% in the afternoon session after receiving a rare double upgrade from Citi, which significantly boosted its rating on the stock. The firm issued a rare double upgrade, shifting its rating on the stock from “Sell” all the way to “Buy” and doubling its price target to $18 from $9. This dramatic shift in perspective follows Nu Holdings' strong second-quarter performance, which showed robust profit and revenue growth. Citi cited the potential for an earnings boost as a key reason for the change.

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Nu Holdings Ltd. (NYSE:NU) shares are trading nearly 10% higher in Friday's pre-market trading, even as the company reported mixed earnings for the second quarter.  NU is surging to new heights. Get the scoop here.

Here's a look at the Q2 earnings report from Nu Holdings.

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