Wolfe Research Upgrades Marqeta, Inc. (MQ)

On March 27, 2023,
Wolfe Research
upgraded
their outlook for Marqeta, Inc. (NASDAQ:MQ) from Peer Perform to Outperform.

Analyst Price Forecast Suggests 105.27% Upside

As of March 28, 2023,
the average one-year price target for Marqeta, Inc. is $7.33.
The forecasts range from a low of $5.05 to a high of $10.50.
The average price target represents an increase of 105.27% from its latest reported closing price of $3.57.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Marqeta, Inc.
is $977MM, an increase of 30.64%.

The projected annual non-GAAP EPS
is -$0.34.

What are Large Shareholders Doing?

Capital Research Global Investors
holds 26,476K shares

representing 4.92% ownership of the company.

In it’s prior filing, the firm reported owning 30,574K shares, representing
a decrease
of 15.48%.

The firm

decreased

its portfolio allocation in MQ by 31.64% over the last quarter.

HMI Capital Management
holds 26,391K shares

representing 4.90% ownership of the company.

In it’s prior filing, the firm reported owning 28,475K shares, representing
a decrease
of 7.89%.

The firm

decreased

its portfolio allocation in MQ by 9.71% over the last quarter.

Lone Pine Capital
holds 16,610K shares

representing 3.08% ownership of the company.

No change in the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 14,943K shares

representing 2.77% ownership of the company.

In it’s prior filing, the firm reported owning 13,271K shares, representing
an increase
of 11.19%.

The firm

decreased

its portfolio allocation in MQ by 10.77% over the last quarter.

NAESX – Vanguard Small-Cap Index Fund Investor Shares
holds 12,631K shares

representing 2.35% ownership of the company.

In it’s prior filing, the firm reported owning 11,316K shares, representing
an increase
of 10.41%.

The firm

decreased

its portfolio allocation in MQ by 11.33% over the last quarter.

What is the Fund Sentiment?

There are 496 funds or institutions reporting positions in Marqeta, Inc..

This is an increase
of
21
owner(s) or 4.42% in the last quarter.

Average portfolio weight of all funds dedicated to MQ is 0.39%,
a decrease
of 33.83%.

Total shares owned by institutions decreased
in the last three months by 4.79% to 380,692K shares.

The put/call ratio of MQ is 3.86, indicating a

bearish
outlook.

Marqeta Background Information
(This description is provided by the company.)

Marqeta’s modern card issuing platform empowers its customers to create customized and innovative payment cards. Marqeta’s platform, powered by open APIs, gives its customers the ability to build more configurable and flexible payment experiences, accelerating product development and democratizing access to card issuing technology. Its modern architecture provides instant access to highly scalable, cloud-based payment infrastructure that enables customers to launch and manage their own card programs, issue cards and authorize and settle transactions. Marqeta is headquartered in Oakland, California and is enabled in 36 countries globally.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.