Marqeta price target raised to $7 from $6 at Mizuho

Mizuho raised the firm’s price target on Marqeta (MQ) to $7 from $6 and keeps a Buy rating on the shares. The analyst says the company’s partnership renewal with Block (SQ) provided a sigh of relief for many investors and explains the “renewed optimism in the stock,” the analyst tells investors in a research note. However, the firm believes Marqeta’s Q3 and Q4 guide is “still overly complicated.” Mizuho thinks hopes of growth reaccelerating in Q4 “should continue to breathe life into the stock.”