Marqeta stock plunges 30% on weak guidance, slowing growth
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/21/2026
- Wall St indexes advance with boost from chips, Iran optimism
- Intel soars after Trump says Apple agreed to work with chipmaker on US production
- Apple CEO warns price hikes 'unavoidable' as chip costs bite - WSJ
- Wall Street scrambles to lift Micron price targets ahead of earnings
- SanDisk and Micron surge as Apple confirms memory price pass-through
- Zelenskiy: best guarantee of Europe's future is fast-track EU membership for Ukraine
- Needham Starts NeoVolta (NEOV) at Buy
- Tesla acquires AI hardware company for up to $2 billion in stock
- Bel Fuse acquires dataMate ethernet business for $16 million
- Fed: Nine Of 18 FOMC Participants Pencil In 2026 Rate Hike
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
