Here's Why Barclays, Credit Suisse Analysts Were Positive On Marqeta

  • While neither Block, Inc SQ nor Afterpay Ltd AFTPY was new to Marqeta, Inc's MQ platform, the synergies of the combined company were incremental to Marqeta, Barclays analyst Ramsey El-Assal acknowledged. 
  • El-Assal projected a ~$41 million midpoint of annual revenue upside for Marqeta from SQ/APT synergies and a ~600+ bps lift for FY23 revenue growth. 
  • Credit Suisse analyst Timothy Chiodo considered Marqeta as an attractive way to gain exposure to one of the most critical themes within his coverage - platforms embedding additional ecosystem- and monetization-enhancing financial services.
  • Chiodo also thinks Marqeta has potential upside via international expansion, new products, and other call options offerings, moving Marqeta further into Galileo's territory as additional support. 
  • Marqeta's modern card issuing platform empowered its customers to create customized and innovative payment cards.
  • Analysts hailed the stock post Q1 beat.
  • Price Action: MQ shares traded higher by 5.14% at $11.54 on the last check Monday.

Posted In: BriefsAnalyst ColorNewsAnalyst RatingsTech

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.