Mizuho lowered the firm’s price target on Marqeta (MQ) to $5 from $7 and keeps an Outperform rating on the shares. The company’s Q3 result was perhaps the most disappointing quarter in its short history as a public company, the analyst tells investors in a research note. The firm says the “seemingly abrupt” change in the regulatory environment caused a significant guide-down and uncertainty in 2025. Mizuho lowered estimates but remains upbeat about Marqeta’s long-term trajectory.
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Read More on MQ:
- 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
- Marqeta downgraded to Equal Weight from Overweight at Wells Fargo