JPMorgan analyst Tien-tsin Huang upgraded Marqeta (MQ) to Overweight from Neutral with a price target of $6, up from $5. The company has managed through the majority of its largest customer renewals, most notably Block, as well as regulatory related customer onboarding delays which slowed 2024 and 2025 growth, the analyst tells investors in a research note. JPMorgan says it has “reasonable enough confidence” into Marqeta’s outcome to turn more constructive. The company has also made progress diversifying away from its largest customer Block, adds the firm. It finds the shares attractive at current levels.
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