Form 8-K Marqeta, Inc. For: Nov 01

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Go back to Form 8-K Marqeta, Inc. For: Nov 01

Marqeta Inc. (MQ) PT Lowered to $7 at Citi

November 5, 2024 7:38 AM EST

Citi analyst Ashwin Shirvaikar lowered the price target on Marqeta Inc. (NASDAQ: MQ) to $7.00 (from $8.00) while maintaining a Buy rating.

The analyst comments "Marqetas disappointing outlook primarily reflected (1) implementation delays related to continuation of elevated regulatory scrutiny regarding bank partnerships (~80% of 4Q impact); (2) select... More