Marqeta

MQ · NASDAQ

$18.75+$0.06 (+0.32%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $18.69

MQ analyst rating

HoldConsensus of 7 analysts over the last 12 months. 14% rate it a buy.

Strong buy0
Buy1
Hold6
Underperform0
Sell0

12-month price target · 13 analysts

Average $20.78 (+10.8% upside)

Low: $17.17
Now: $18.75
High: $29.40

Upgrades and downgrades

The latest rating actions, newest first

MQ analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Keefe, Bruyette & Woods	Aug 5, 2026	Maintains	Market Perform	$18.00 → $19.00	52%
Deutsche Bank	Jul 2, 2026	Maintains	Hold	$4.50 → $18.00	64%
Morgan Stanley	Jul 1, 2026	Maintains	Equal-Weight	$5.00 → $20.00	57%
UBS	May 6, 2026	Maintains	Neutral	$4.25 → $4.75	45%
UBS	Feb 25, 2026	Maintains	Neutral	$5.00 → $4.25	45%
Morgan Stanley	Feb 25, 2026	Maintains	Equal-Weight	$6.00 → $5.00	57%
JP Morgan	Feb 17, 2026	Initiates	Overweight	$8.00 → $6.00	50%
Mizuho	Jan 8, 2026	Downgrade	Outperform → Neutral	$8.00 → $4.50	46%
Wolfe Research	Jan 8, 2026	Downgrade	Outperform → Peer Perform	—	59%
Keefe, Bruyette & Woods	Jan 2, 2026	Maintains	Market Perform	$6.00 → $5.50	52%

The case for and against

Updated Oct 23, 2025

Bull case

Marqeta's innovative card-issuing platform facilitates a range of digital, physical, and tokenized payment options, solidifying its position as a leader in the industry with key partnerships among prominent commerce disruptors like Block, DoorDash, and Klarna. The company's first-mover advantage, combined with a modern tech stack, has allowed it to successfully unlock various new use cases for non-traditional card issuers and capitalize on favorable trends within their markets. Additionally, the upward revisions in earnings per share estimates for FY25 and FY26, alongside notable gross profit growth, contribute to a fundamentally strong outlook for the company.

Bear case

Marqeta's management has revised its 2025 net revenue outlook downward, reflecting an accounting impact from a renegotiated platform partnership while maintaining gross profit levels. Additionally, there are concerns regarding potential deceleration in growth from key clients, particularly within the Buy Now Pay Later (BNPL) vertical, due to tougher year-over-year comparisons and the extended time required for new customer acquisitions to yield results. Furthermore, fluctuations in sales estimates indicate that even a modest change could significantly influence revenue projections and overall performance, highlighting the company’s vulnerability to shifts in client-related revenues.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.