Reported 3 days ago
Goldman Sachs has downgraded Marqeta, Inc. (NASDAQ:MQ) from Neutral to Sell and reduced its price target from $7.50 to $5.00, citing concerns over a changing relationship with Block, Inc. that may impact Marqeta's market share and potential gross profits. The firm noted the risk of contract delays, as well as competitive pressures and premium pricing that could hinder long-term growth despite recognizing Marqeta as a leading card issuance platform in fintech.
Source: YAHOO