KeyBanc analyst Alex Markgraff reiterated a Buy rating on Marqeta (MQ – Research Report) today. The company’s shares closed yesterday at $7.33.
Markgraff covers the Technology sector, focusing on stocks such as Fiserv, Bill.com Holdings, and Marqeta. According to TipRanks, Markgraff has an average return of 8.9% and a 76.47% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Marqeta with a $7.00 average price target.
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Based on Marqeta’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $108.89 million and a GAAP net loss of $55 million. In comparison, last year the company earned a revenue of $191.62 million and had a GAAP net loss of $53.17 million
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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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