Barclays Maintains Overweight on Marqeta, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ramsey El-Assal has maintained an Overweight rating on Marqeta (NASDAQ:MQ) but lowered the price target from $8 to $7.

May 09, 2024 | 3:28 pm
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NEUTRAL IMPACT
Barclays maintains an Overweight rating on Marqeta but lowers the price target from $8 to $7.
While the maintenance of an Overweight rating suggests continued confidence in Marqeta's fundamentals and growth prospects, the reduction in price target could signal concerns about valuation or near-term challenges. This mixed signal might lead to short-term volatility in Marqeta's stock price as investors reassess their expectations based on the new price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100