KeyBanc analyst Alex Markgraff reiterated a Buy rating on Marqeta (MQ – Research Report) today. The company’s shares closed yesterday at $5.83.
Markgraff covers the Technology sector, focusing on stocks such as Intuit, Robinhood Markets, and I3 Verticals. According to TipRanks, Markgraff has an average return of 1.8% and a 51.11% success rate on recommended stocks.
Marqeta has an analyst consensus of Moderate Buy, with a price target consensus of $7.48.
The company has a one-year high of $7.36 and a one-year low of $4.07. Currently, Marqeta has an average volume of 5.23M.
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Marqeta (MQ) Company Description:
Marqeta Inc is a modern card issuing platform. Its platform empowers businesses like Affirm, DoorDash, Instacart, Klarna, and Square to create customized payment cards that provide innovative payment experiences for their customers and end-users. It derives the majority of revenue from Interchange Fees generated by card transactions through its platform. The company also generates revenue from other processing services, including monthly platform access, ATM fees, fraud monitoring, and tokenization services.
Read More on MQ:
- Marqeta Leadership Changes and Share Repurchase Program
- Marqeta expands partnership with Uber Eats
- Marqeta partners with OakNorth to offer commercial card
- Marqeta teams with financial wellness benefits provider Rain for earned wages
- Marqeta ‘in distress’ with biggest customer Block, says The Bear Cave
