While neither Block, Inc (NYSE: SQ) nor Afterpay Ltd (OTC: AFTPY) was new to Marqeta, Inc's (NASDAQ: MQ) platform, the synergies of the combined company were incremental to Marqeta, Barclays analyst Ramsey El-Assal acknowledged.
El-Assal projected a ~$41 million midpoint of annual revenue upside for Marqeta from SQ/APT synergies and a ~600+ bps lift for FY23 revenue growth.
Credit Suisse analyst Timothy Chiodo considered Marqeta as an attractive way to gain exposure to one of the most critical themes within his coverage - platforms embedding additional ecosystem- and monetization-enhancing financial services.
Chiodo also thinks Marqeta has potential upside via international expansion, new products, and other call options offerings, moving Marqeta further into Galileo's territory as additional support.
Marqeta's modern card issuing platform empowered its customers to create customized and innovative payment cards.
Analysts hailed the stock post Q1 beat.
Price Action: MQ shares traded higher by 5.14% at $11.54 on the last check Monday.
Latest Ratings for MQ
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