William Blair analyst Christopher Kennedy has maintained their neutral stance on MQ stock, giving a Hold rating today.
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Christopher Kennedy has given his Hold rating due to a combination of factors influencing Marqeta’s financial outlook. The company’s recent quarterly results exceeded expectations, leading to an increase in share value and revised guidance for 2025. However, the improvements in profitability are partly attributed to accounting changes and deferred investments, which complicate direct comparisons.
Despite these positive developments, Kennedy maintains a cautious stance due to limited visibility into future performance. The concentration of revenue from a single major customer, ongoing contractual adjustments, and changes in business mix and accounting practices contribute to this uncertainty. Additionally, the finalization of senior leadership roles remains pending, adding another layer of unpredictability. As a result, while the financial outlook has improved, these factors justify a Hold rating until more clarity is achieved.
In another report released today, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $6.00 price target.