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 that reflect both positive developments and ongoing uncertainties. Marqeta’s recent quarterly performance exceeded expectations, and the company has raised its guidance for 2025, suggesting it is on track to achieve profitability ahead of its initial targets. However, these results are influenced by accounting changes and deferred investments, which complicate direct comparisons.
Despite the positive momentum, including business expansion in Europe and improved profitability, Kennedy maintains a Hold rating due to limited visibility. The company’s revenue is heavily reliant on a single customer, and there are uncertainties regarding contract renewals and potential business diversification by key partners. Additionally, while Marqeta has succeeded with certain growth initiatives, there is a need for more clarity on its ability to secure and ramp up new business opportunities. These factors contribute to a cautious outlook, justifying the Hold rating.
In another report released today, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $5.00 price target.