U.S. Markets closed
  • S&P 500

    4,280.15
    +72.88 (+1.73%)
     
  • Dow 30

    33,761.05
    +424.38 (+1.27%)
     
  • Nasdaq

    13,047.19
    +267.27 (+2.09%)
     
  • Russell 2000

    2,016.62
    +41.36 (+2.09%)
     
  • Crude Oil

    91.88
    -2.46 (-2.61%)
     
  • Gold

    1,818.90
    +11.70 (+0.65%)
     
  • Silver

    20.83
    +0.49 (+2.39%)
     
  • EUR/USD

    1.0257
    -0.0068 (-0.6565%)
     
  • 10-Yr Bond

    2.8490
    -0.0390 (-1.35%)
     
  • Vix

    19.53
    -0.67 (-3.32%)
     
  • GBP/USD

    1.2139
    -0.0064 (-0.5220%)
     
  • USD/JPY

    133.4800
    +0.4810 (+0.3617%)
     
  • BTC-USD

    24,681.41
    -16.67 (-0.07%)
     
  • CMC Crypto 200

    574.64
    +3.36 (+0.59%)
     
  • FTSE 100

    7,500.89
    +34.98 (+0.47%)
     
  • Nikkei 225

    28,546.98
    +727.65 (+2.62%)
     

Here's Why Barclays, Credit Suisse Analysts Were Positive On Marqeta

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • While neither Block, Inc (NYSE: SQ) nor Afterpay Ltd (OTC: AFTPY) was new to Marqeta, Inc's (NASDAQ: MQ) platform, the synergies of the combined company were incremental to Marqeta, Barclays analyst Ramsey El-Assal acknowledged.

  • El-Assal projected a ~$41 million midpoint of annual revenue upside for Marqeta from SQ/APT synergies and a ~600+ bps lift for FY23 revenue growth.

  • Credit Suisse analyst Timothy Chiodo considered Marqeta as an attractive way to gain exposure to one of the most critical themes within his coverage - platforms embedding additional ecosystem- and monetization-enhancing financial services.

  • Chiodo also thinks Marqeta has potential upside via international expansion, new products, and other call options offerings, moving Marqeta further into Galileo's territory as additional support.

  • Marqeta's modern card issuing platform empowered its customers to create customized and innovative payment cards.

  • Analysts hailed the stock post Q1 beat.

  • Price Action: MQ shares traded higher by 5.14% at $11.54 on the last check Monday.

Latest Ratings for MQ

Date

Firm

Action

From

To

Mar 2022

JP Morgan

Maintains

Overweight

Mar 2022

Truist Securities

Maintains

Buy

Mar 2022

Keefe, Bruyette & Woods

Maintains

Market Perform

View More Analyst Ratings for MQ

View the Latest Analyst Ratings

See more from Benzinga

Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.