JPMorgan lowered the firm’s price target on Marqeta (MQ) to $5 from $6 and keeps a Neutral rating on the shares. Marqeta posted mixed Q3 results and lowered its Q4 and fiscal 2025 growth expectations, primarily driven by longer onboarding timelines related to heightened regulatory scrutiny and associated sponsor bank risk appetite, the analyst tells investors in a research note. The firm lowered estimates accordingly.
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Read More on MQ:
- Marqeta price target lowered to $5 from $7 at Mizuho
- Marqeta downgraded to Neutral from Buy at Monness Crespi
- Marqeta price target lowered to $7 from $9 at Susquehanna
- Marqeta price target lowered to $5 from $7 at Morgan Stanley
- Wells Fargo downgrades Marqeta to Equal Weight, lowers price target to $5