Wells Fargo Maintains Equal-Weight on Marqeta, Raises Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Bauch maintains an Equal-Weight rating on Marqeta (NASDAQ:MQ) and raises the price target from $6 to $7.
February 06, 2024 | 4:20 pm
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Wells Fargo analyst Andrew Bauch maintains an Equal-Weight rating on Marqeta and raises the price target from $6 to $7.
The increase in price target by Wells Fargo suggests a positive outlook on Marqeta's stock, potentially leading to short-term price appreciation. The Equal-Weight rating indicates that the stock is expected to perform in line with the market or sector average, but the raised target price signals analyst confidence in the company's prospects.
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