Wells Fargo Upgrades Marqeta to Overweight, Maintains Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Bauch has upgraded Marqeta (NASDAQ:MQ) from Equal-Weight to Overweight, while maintaining the price target at $7.
June 25, 2024 | 11:03 am
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Wells Fargo analyst Andrew Bauch has upgraded Marqeta from Equal-Weight to Overweight, maintaining the price target at $7. This upgrade could positively influence investor sentiment and potentially drive the stock price up in the short term.
The upgrade from a major financial institution like Wells Fargo is likely to boost investor confidence in Marqeta. The maintained price target of $7 suggests that the analyst sees potential for growth, which could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100