Marqeta price target lowered to $5.00 from $7.25 at DA Davidson

DA Davidson lowered the firm’s price target on Marqeta to $5.00 from $7.25 and keeps a Neutral rating on the shares after its Q4 results. The analyst states that not only growth slowing rapidly in the all-too-familiar verticals of "buy-now-pay-later" and crypto, but concerns over contract renewals have also "proven prescient". The stock’s selloff has improved risk-reward on Marqeta, but a wait-and-see approach is still preferred, the firm tells investors in a research note.