Summary:
- J.P. Morgan Securities upgrades Marqeta (MQ, Financial) to Overweight due to revenue diversification.
- Marqeta's significant growth in non-Block transactions prompts a price target increase to $6.00.
- Analysts forecast a potential upside of 10.6% based on GuruFocus' GF Value estimate.
J.P. Morgan Securities has upgraded Marqeta (MQ) from Neutral to Overweight, highlighting the company's significant strides in diversifying its revenue streams. Previously reliant on Block for 71% of its revenue, Marqeta has successfully reduced this dependence to 45%. This strategic shift has driven faster growth in non-Block transactions, justifying an increased price target of $6.00.
Wall Street Analysts Forecast
According to one-year price targets provided by 12 analysts, the average target price for Marqeta Inc (MQ, Financial) is $5.25, with predictions ranging from a high of $7.00 to a low of $4.00. This average target indicates a potential upside of 1.16% from the current price of $5.19. For more in-depth analysis, visit the Marqeta Inc (MQ) Forecast page.
The consensus recommendation from 15 brokerage firms rates Marqeta Inc's (MQ, Financial) at 2.4, suggesting an "Outperform" status. On the rating scale, 1 represents a Strong Buy, while 5 indicates a Sell.
GuruFocus Valuation Insight
According to GuruFocus estimates, the projected GF Value for Marqeta Inc (MQ, Financial) in one year is $5.74, which indicates a promising upside of 10.6% from the current price of $5.19. The GF Value is an estimation of the fair value at which the stock should be traded, calculated based on historical trading multiples, past business growth, and future performance projections. For further detailed data, consult the Marqeta Inc (MQ) Summary page.
