Morgan Stanley lowered the firm’s price target on Marqeta (MQ) to $5 from $7 and keeps an Equal Weight rating on the shares following “disappointing results.” The story was supposed to become less noisy post the lapping of the Block (SQ) renewal, and the firm expects shares to recover from trading at cash value in after-hours trading, but contends that Marqeta is “likely to remain a show-me story in ’25 given recent execution issues.”
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Read More on MQ:
- Wells Fargo downgrades Marqeta to Equal Weight, lowers price target to $5
- Marqeta downgraded to Equal Weight from Overweight at Wells Fargo
- Marqeta downgraded to Market Perform from Outperform at William Blair
- Marqeta downgraded to Sector Weight from Overweight at KeyBanc
- Marqeta downgraded to Hold from Buy at Deutsche Bank