B of A Securities Upgrades Marqeta to Buy, Announces $7 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Cassie Chan upgraded Marqeta (NASDAQ:MQ) from Neutral to Buy and set a price target of $7. This upgrade reflects a positive outlook on Marqeta's stock by the analyst.
February 12, 2024 | 6:30 pm
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POSITIVE IMPACT
Marqeta upgraded to Buy from Neutral by B of A Securities with a $7 price target, indicating a positive shift in analyst sentiment.
The upgrade from Neutral to Buy by a significant financial institution like B of A Securities suggests a strong confidence in Marqeta's future performance. The setting of a $7 price target further emphasizes the analyst's bullish outlook on the stock, likely leading to increased investor interest and potentially a short-term rise in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100