Professional
Added to YB: 2024-05-23
Pitch date: 2024-05-22
MQ [bullish]
Marqeta, Inc.
-23.52%
current return
Author Info
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Company Info
Marqeta, Inc. operates a cloud-based open API platform for card issuing and transaction processing services.
Market Cap
$2.2B
Pitch Price
$5.23
Price Target
7.00 (+75%)
Dividend
N/A
EV/EBITDA
-1.1K
P/E
83.85
EV/Sales
2.22
Sector
Financial Services
Category
value
Show full summary:
Marqeta, Inc.: Volume Growth and Good Expense Management Help Offset the Impact of New Contracts
MQ: Strong Q1 despite net rev -46% YoY to $118M due to Block contract. Gross profit -6% to $84.2M. Processing vol +33% YoY. $200M buyback announced but concentration risk remains - Block 68% of rev. Expenses fell 24% YoY. PT $7 on int'l expansion & credit card potential but unprofitable until 2028E.
Read full article (11 min)