Barclays analyst Ramsey El Assal maintained a Buy rating on Marqeta (MQ – Research Report) yesterday and set a price target of $8.00. The company’s shares closed yesterday at $7.33.
According to TipRanks, El Assal is a 4-star analyst with an average return of 2.9% and a 55.26% success rate. El Assal covers the Technology sector, focusing on stocks such as Cognizant, FLEETCOR Technologies, and Block.
In addition to Barclays, Marqeta also received a Buy from KeyBanc’s Alex Markgraff in a report issued today. However, on the same day, KBW maintained a Hold rating on Marqeta (NASDAQ: MQ).
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MQ market cap is currently $3.83B and has a P/E ratio of -18.85.
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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.
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