Marqeta Reports Third Quarter 2024 Financial Results
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Marqeta Inc. (MQ) PT Lowered to $7 at Citi
November 5, 2024 7:38 AM ESTCiti 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
Deutsche Bank Downgrades Marqeta Inc. (MQ) to Hold
November 5, 2024 5:25 AM ESTDeutsche Bank analyst Bryan Keane downgraded Marqeta Inc. (NASDAQ: MQ) from Buy to Hold with a price target of $4.00 (from $9.00).
The analyst comments "MQ slightly missed on 3Q24 gross profit growth (~24% Y/Y), but beat on adj. EBITDA of ~9m (~7% margins) on the back of operational discipline. However, the company materially cut its outlook due to heightened scrutiny from the banking... More
Marqeta, Inc. (MQ) Misses Q3 EPS by 1c
November 4, 2024 4:09 PM ESTMarqeta, Inc. (NASDAQ: MQ) reported Q3 EPS of ($0.06), $0.01 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $128 million versus the consensus estimate of $128.09 million.
For earnings history and earnings-related data on Marqeta, Inc. (MQ) click here.
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