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Marqeta Stock Jumps in Reaction to Citron Research Tweet

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  • MQ
  • DOCN

By Sam Boughedda

Investing.com — Digital payment technology firm Marqeta Inc (NASDAQ:MQ) has seen a flood of activity in the last couple of hours after Citron Research's Andrew Left set a $50 price target on the stock.

Marqeta shares rallied to a high of $24.27 in reaction to the news. It is currently sitting around $23.82, up over 5.8% on the day.

Left said, via Twitter (NYSE:TWTR), that Marqeta is the best long setup since DigitalOcean Holdings (NYSE:DOCN), which he described as the Shopify (NYSE:SHOP) of cloud computing back in early August.

The tweet on Marqeta read: "$MQ - Best long setup since $DOCN with a best in class product loved by developers while misunderstood by Wall St... wait to you read what most noted Fintech experts say about $MQ. $50 tgt. Report to follow."

"Congrats $BTC holders for 60k... now if you want to pop the champagne, you are thankful for $MQ, the best way to turn BTC Into spending. $COIN, BlockFi, and Shakepay agree," the activist short-seller turned stock bull said in a separate Tweet.

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