In-Depth Examination Of 6 Analyst Recommendations For Marqeta
Portfolio Pulse from Benzinga Insights
Marqeta (NASDAQ:MQ) has received mixed analyst ratings over the past three months, with 6 analysts offering views ranging from bullish to bearish. The average 12-month price target is $7.5, marking a 13.98% increase from the previous average of $6.58. Analysts from Wells Fargo, Barclays, Keybanc, Truist Securities, Mizuho, and Morgan Stanley have all raised their price targets for Marqeta. The company, known for its card-issuing platform, faces financial challenges with a -43.17% revenue decline and below-industry-standard profitability metrics.
February 06, 2024 | 5:00 pm
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Marqeta has received updated analyst ratings and price targets, indicating a mixed but slightly positive outlook. Despite financial challenges, the average price target has increased, suggesting some optimism.
The increase in the average price target to $7.5, despite Marqeta's financial challenges, suggests analysts see potential for recovery or growth. The mixed ratings reflect uncertainty, but the overall positive adjustment in price targets could lead to short-term investor optimism.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100