Marqeta price target raised to $7 from $6 at Wells Fargo

Wells Fargo raised the firm’s price target on Marqeta to $7 from $6 and keeps an Equal Weight rating on the shares. While Marqeta’s guide provides the medium-term roadmap many investors required, until the business laps transitory headwinds confidence that long-term targets are conservative will be difficult to ascertain, the firm says.