Forecasting The Future: 6 Analyst Projections For Marqeta
Portfolio Pulse from Benzinga Insights
Over the past three months, six analysts have provided diverse evaluations of Marqeta (NASDAQ:MQ), ranging from bullish to bearish. The average 12-month price target has decreased by 11.28% to $6.92. Analysts have adjusted their ratings and price targets in response to Marqeta's recent performance, which includes a significant revenue decline and below-industry-average financial metrics.
August 06, 2024 | 2:01 pm
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NEGATIVE IMPACT
Analysts have mixed views on Marqeta (NASDAQ:MQ) with a 12-month price target average of $6.92, down 11.28%. Recent performance shows a significant revenue decline and below-average financial metrics.
The decrease in the average price target and the significant revenue decline indicate a bearish short-term outlook for Marqeta. The company's financial metrics are below industry averages, which may further pressure the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100