Berenberg Upgrades Marqeta to Buy, Raises Price Target to $8
Portfolio Pulse from richadhand@benzinga.com
Berenberg analyst Mark Palmer has upgraded Marqeta (NASDAQ:MQ) from Hold to Buy and raised the price target from $5 to $8.
August 09, 2023 | 12:14 pm
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POSITIVE IMPACT
Marqeta's stock has been upgraded to Buy from Hold by Berenberg, with a raised price target of $8, up from $5.
The upgrade from Hold to Buy indicates a positive outlook for Marqeta's stock. The raised price target from $5 to $8 suggests that the analyst expects the stock to perform well in the short term. This could potentially lead to an increase in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100