Marqeta (NASDAQ:MQ) underwent analysis by 5 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 0 | 2 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 2 | 0 | 1 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $7.7, a high estimate of $10.00, and a low estimate of $6.00. Observing a downward trend, the current average is 3.75% lower than the prior average price target of $8.00.
Exploring Analyst Ratings: An In-Depth Overview
In examining recent analyst actions, we gain insights into how financial experts perceive Marqeta. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Moshe Katri | Wedbush | Maintains | Neutral | $6.00 | - |
| Gus Gala | Monness, Crespi, Hardt | Announces | Buy | $7.50 | - |
| Sanjay Sakhrani | Keefe, Bruyette & Woods | Raises | Market Perform | $8.00 | $7.00 |
| Andrew Jeffrey | Truist Securities | Raises | Buy | $10.00 | $9.00 |
| Cassie Chan | B of A Securities | Announces | Buy | $7.00 | - |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Marqeta. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Marqeta compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Marqeta's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
To gain a panoramic view of Marqeta's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Marqeta analyst ratings.
About Marqeta
Headquartered in Oakland, California, and founded in 2010, Marqeta provides its clients with a card-issuing platform that offers the infrastructure and tools necessary to offer digital, physical, and tokenized payment options without the need for a traditional bank. The company's open APIs are designed to allow third parties like DoorDash, Klarna, and Block to rapidly develop and deploy innovative card-based products and payment services without the need to develop the underlying technology. The company generates revenue primarily through processing and ATM fees for cards issued on its platform.
Marqeta: Delving into Financials
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Marqeta's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -41.7%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Marqeta's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -33.98%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Marqeta's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -3.18%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Marqeta's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -2.53%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Marqeta's debt-to-equity ratio is below the industry average at 0.01, reflecting a lower dependency on debt financing and a more conservative financial approach.
Understanding the Relevance of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.