Analysts remained positive on Marqeta, Inc (NASDAQ: MQ) post Q1 results.
Credit Suisse analyst Timothy Chiodo had an Outperform with a price target of $13.50.
Chiodo acknowledged a solid start to the year, with Q2 guided ahead of Street and FY 2022 guidance raise.
Chiodo continued to believe Marqeta as an attractive way to gain exposure to one of the most critical themes within his coverage, software platforms embedding different ecosystem- and monetization-enhancing financial services, alongside potential upside via international expansion (Europe and the Asia Pacific), new products (credit card issuing, a higher take rate business), and other call options (nascent broader BaaS [core banking technology] offerings moving MQ further into Galileo’s territory, further penetration of large FIs, M&A) as further supportive of the stock.
Barclays’ Ramsey El-Assal had an Overweight with a price target of …
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