Marqeta price target raised to $8 from $7.50 at Monness Crespi

Monness Crespi raised the firm’s price target on Marqeta to $8 from $7.50 and keeps a Buy rating on the shares after Marqeta delivered a beat in terms of both revenue and gross profit. For shares to continue working, Marqeta needs to continue meeting and beating on gross profit while highlighting the inherent incremental EBITDA margins of the business as it scales, the analyst tells investors in a post-earnings note.