Marqeta price target raised to $8.25 from $7 at BofA

BofA analyst Cassie Chan raised the firm’s price target on Marqeta to $8.25 from $7 and keeps a Buy rating on the shares following what the firm calls “a solid F4Q beat.” FY24 guidance was reiterated from the November Investor Day, but “with a few moving parts,” adds the analyst, who raised estimates following the report.