UBS Maintains Buy on Marqeta, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Timothy Chiodo maintains a Buy rating on Marqeta (NASDAQ:MQ) but lowers the price target from $8.5 to $8.

August 09, 2024 | 3:05 pm
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NEUTRAL IMPACT
UBS analyst Timothy Chiodo maintains a Buy rating on Marqeta but lowers the price target from $8.5 to $8.
The Buy rating suggests continued confidence in Marqeta's long-term prospects, but the lowered price target indicates some caution about short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100