Streetbeat News

MQ

Marqeta, Inc.

https://www.marqeta.com

Industry

Software - Infrastructure

Marqeta, Inc. operates a cloud-based open application programming interface platform that delivers card issuing and transaction processing services to developers, technical product managers, and visionary entrepreneurs. It offers its solutions in various verticals, including commerce disruptors, digital banks, tech giants, and financial institutions. As of December 31, 2021, the company had approximately 200 customers. Marqeta, Inc. was incorporated in 2010 and is headquartered in Oakland, California.

Open

3.87

Mkt cap

2B

Volume

5M

High

3.91

P/E Ratio

195.00

52-wk high

7.36

Low

3.83

Div yield

N/A

52-wk low

3.37

Marqeta shares are trading higher following an upgrade from Neutral to Buy by B of A Securities.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 7:45 pm

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.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 6:30 pm

Marqeta (NASDAQ:MQ) has received mixed analyst ratings over the past three months, with 6 analysts offering views ranging from bullish to bearish. The average 12-month price target is $7.5, marking a 13.98% increase from the previous average of $6.58. Analysts from Wells Fargo, Barclays, Keybanc, Truist Securities, Mizuho, and Morgan Stanley have all raised their price targets for Marqeta. The company, known for its card-issuing platform, faces financial challenges with a -43.17% revenue decline and below-industry-standard profitability metrics.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 5:00 pm

Wells Fargo analyst Andrew Bauch maintains an Equal-Weight rating on Marqeta (NASDAQ:MQ) and raises the price target from $6 to $7.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 4:20 pm

Today's whale activity in the financials sector shows significant options trading, with a mix of bearish, bullish, and neutral sentiments across various US-listed companies. Notable trades include bearish call option sweeps for PYPL and SQ, bearish put sweeps for BAC and DFS, bullish call trades for TFC and COIN, a bullish put trade for MQ, and neutral call trades for C and USB. RILY also saw a bearish call trade. The trades involve different expiration dates, strike prices, and volumes, indicating diverse expectations from the market participants.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 5:35 pm

Barclays analyst Ramsey El-Assal has maintained an Overweight rating on Marqeta (NASDAQ:MQ) and increased the price target from $7 to $8.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:37 pm

Marqeta (NASDAQ:MQ) has received mixed analyst ratings over the past three months, with 7 analysts offering a range of opinions. The average 12-month price target has risen to $7.5, up 13.29% from the previous $6.62. Analysts from Keybanc, Truist Securities, Mizuho, Morgan Stanley, Susquehanna, Wells Fargo, and UBS have updated their ratings and price targets, reflecting a generally positive outlook. Marqeta, a card-issuing platform provider, has seen a revenue decline of -43.17% and faces challenges with market capitalization, net margin, ROE, and ROA, despite a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 2:00 pm

Keybanc analyst Alex Markgraff has maintained an Overweight rating on Marqeta (NASDAQ:MQ) and increased the price target from $7 to $8. This adjustment reflects a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:39 am

Truist Securities analyst Andrew Jeffrey has reaffirmed a Buy rating on Marqeta (NASDAQ:MQ) and increased the price target from $8 to $9.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 5:14 pm

Mizuho analyst Anthony Crowdell has reaffirmed a Buy rating on Marqeta (NASDAQ:MQ) and increased the price target from $7 to $8.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 3:51 pm

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