What Wall Street Thinks About Marqeta (MQ)

Marqeta, Inc. (NASDAQ:MQ) is 1 of the 13 Best American Penny Stocks to Invest In. On February 17, JPMorgan initiated sum connected Marqeta, Inc. (NASDAQ:MQ), giving the banal an Overweight standing and mounting the terms people astatine $6.

The institution is scheduled to study Q4 results connected February 24. JPMorgan expects 16% gross nett maturation for Marqeta, Inc. (NASDAQ:MQ), which is astir 1 percent constituent higher than existent Street estimates. The probe steadfast besides expects the institution to usher for mid-teens gross nett maturation on with coagulated adjusted EBITDA generation.

Some investors are disquieted that Cash App could diversify processors, which whitethorn impact Marqeta, Inc.’s (NASDAQ:MQ) business. However, JPMorgan believes that this hazard is offset by maturation successful different parts of the company’s business, particularly successful Europe and successful lending and bargain now, wage aboriginal services.

Previously, connected January 8, Mizuho downgraded Marqeta, Inc. (NASDAQ:MQ) from Outperform to Neutral and chopped its terms people from $8 to $4.50, citing concerns astir rising contention successful the outgo processing industry.

On January 8, Wolfe Research besides downgraded Marqeta, Inc. (NASDAQ:MQ) from Outperform to Peerperform. These updates travel arsenic the company’s Cash App Card’s caller issuance transitioned to Bancorp, which could impact aboriginal growth.

Marqeta, Inc. (NASDAQ:MQ) is simply a fiscal exertion institution that provides a modern unfastened API level that helps businesses instantly contented cards and process payments.

While we admit the imaginable of MQ arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.