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Stock impact report

Marqeta (MQ) Gets Neutral Initiation from Citi on Growth, Customer Concentration Concerns [Yahoo! Finance]

Marqeta, Inc. - Class A (MQ) 
Company Research Source: Yahoo! Finance
initiated coverage of Marqeta with a Neutral rating and a $5 price target. The firm sees low visibility into the company sustaining its H2 2025 revenue growth rates in 2026. Earlier on October 13, Goldman Sachs downgraded Marqeta to Sell from Neutral with a price target of $5, which was down from $7.50. Marqeta (MQ) Gets Neutral Initiation from Citi on Growth, Customer Concentration Concerns Goldman Sachs believes that customer concentration issues concerning Block XYZ are likely to resurface for Marqeta. The firm noted that Marqeta recently changed its partnership with Block by announcing it will add a new issuer processing partner. Goldman Sachs sees this move as a potential long-term headwind for the partnership, which adds to the existing concerns about Marqeta's total addressable market/TAM. Marqeta Inc. (NASDAQ:MQ) operates a cloud-based open API platform for card issuing and transaction processing services. While we acknowledge the potential of MQ as an investment, we Show less Read more
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