Here's Why Barclays, Credit Suisse Analysts Were Positive On Marqeta

• 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

Date	Firm	Action	From	To
Mar 2022	JP Morgan	Maintains		Overweight
Mar 2022	Truist Securities	Maintains		Buy
Mar 2022	Keefe, Bruyette & Woods	Maintains		Market Perform

View More Analyst Ratings for MQ

View the Latest Analyst Ratings

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