Morgan Stanley analyst James Faucette maintained a Buy rating on Marqeta (MQ – Research Report) today and set a price target of $14.00. The company’s shares closed yesterday at $6.44.
According to TipRanks, Faucette is a 5-star analyst with an average return of 8.3% and a 67.33% success rate. Faucette covers the Technology sector, focusing on stocks such as Cognizant, Epam Systems, and Block.
Currently, the analyst consensus on Marqeta is a Moderate Buy with an average price target of $9.34.
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The company has a one-year high of $12.74 and a one-year low of $5.64. Currently, Marqeta has an average volume of 5.09M.
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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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