On Nov 06, major Wall Street analysts update their ratings for $Marqeta (MQ.US)$, with price targets ranging from $7 to $7.
Citi analyst Ashwin Shirvaikar maintains with a buy rating, and adjusts the target price from $8 to $7.
Mizuho Securities analyst Dan Dolev maintains with a buy rating.
SIG analyst James Friedman maintains with a buy rating, and adjusts the target price from $9 to $7.
Monness analyst Gustavo Gala downgrades to a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Marqeta (MQ.US)$'s main analysts recently are as follows:
Marqeta reported mixed results for Q3 and reduced its growth forecast for Q4 and fiscal year 2025, primarily due to extended onboarding periods stemming from increased regulatory examination and the associated risk appetites of sponsor banks. Estimates have been adjusted in light of these developments.
Marqeta's recent performance has been underwhelming post the renewal event with Block. This has led to the anticipation that the company's valuation might align more closely with its cash value following after-hours trading. Despite this, it is anticipated that Marqeta will have to demonstrate its capabilities into 2025 due to recent challenges in execution.
Marqeta's recent performance indicated a modest shortfall in Q3 gross profit growth, although it exceeded expectations for adjusted EBITDA due to stringent operational discipline. Nonetheless, the company significantly reduced its forecast, attributing this revision to increased oversight from the banking sector, which has postponed the onboarding of new clients, and a reduction in value-added services from current clients. Additionally, it was observed that several of Marqeta's advanced fintech clients have chosen to internalize parts of their program management and banking relationships.
Marqeta's third-quarter performance was notably below expectations, marking a challenging period in its brief tenure on the public market. The unexpected shift in the regulatory landscape led to a considerable revision of guidance and introduced uncertainty for the year 2025. Despite reduced projections, the outlook for Marqeta's extended-term path remains positive.
The Q3 earnings report for Marqeta was overshadowed by a significant reduction in the revenue and gross profit forecast for fiscal 2024, alongside a preliminary forecast for fiscal 2025 growth that is anticipated to be considerably under both the company's and analysts' previous estimates. The expected materially lower growth rate for fiscal 2025 is due to a combination of external factors and added challenges stemming from customer in-sourcing. The perspective shared is that it is not necessary to hold a bullish stance on the stock until the regulatory and implementation challenges, as well as the business model issues, are addressed.
Here are the latest investment ratings and price targets for $Marqeta (MQ.US)$ from 4 analysts:
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美东时间11月6日，多家华尔街大行更新了$Marqeta (MQ.US)$的评级，目标价介于7美元至7美元。
花旗分析师Ashwin Shirvaikar维持买入评级，并将目标价从8美元下调至7美元。
瑞穗证券分析师Dan Dolev维持买入评级。
海纳国际分析师James Friedman维持买入评级，并将目标价从9美元下调至7美元。
Monness分析师Gustavo Gala下调至持有评级。
此外，综合报道，$Marqeta (MQ.US)$近期主要分析师观点如下：
Marqeta报告了第三季度的混合业绩，并且降低了第四季度和2025财年的增长预测，主要是因为延长了监管检查引发的较长的启动期，以及赞助银行的风险偏好。在这些进展的光线下，估计已经进行了调整。
Marqeta最近的表现在与Block的续约事件之后令人失望。这导致人们预计公司的估值可能会在盘后交易之后更接近其现金价值。尽管如此，预计Marqeta将不得不展示其能力，直至2025年，因为最近在执行方面遇到了挑战。
Marqeta最近的业绩显示第三季度毛利润增长稍有不足，尽管由于严格的运营纪律，调整后的EBITDA超出了预期。尽管如此，公司显著降低了其预测，将这一修正归因于银行业的监督加强，这延迟了新客户的启动，并且减少了现有客户提供的增值服务。此外，观察到Marqeta的一些先进金融科技客户选择内部化其部分计划管理和银行关系。
Marqeta第三季度的业绩明显低于预期，标志着在公开市场上短暂任职期间的挑战时期。监管环境意外转变导致指导意见大幅修订，并为2025年带来了不确定性。尽管减少了预测，对Marqeta长期路径的展望仍然积极。
Marqeta的第三季度收益报告被对2024财年的营业收入和毛利润预测显著减少所掩盖，同时还预测了2025财年的增长预期，预计将远低于公司和分析师之前的估计。对于2025财年增长率会明显降低的预期是由于外部因素和来自客户内部运营的增加挑战的结合。共享的观点是在解决监管和实施挑战以及业务模式问题之前，不必对股票持看好态度。
以下为今日4位分析师对$Marqeta (MQ.US)$的最新投资评级及目标价：
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