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Benzinga
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BILL, Remitly, Marqeta Win Analyst Support As Fintech Growth Picks Up

1. JP Morgan upgraded Marqeta's rating to Overweight with a target price increase. 2. Huang projects Marqeta's second-quarter revenue at $140 million, EPS at $(0.05). 3. Marqeta powers modern card programs in fast-growing fintech areas like BNPL. 4. Analyst sees potential for significant growth with high-profile clients like Block. 5. BILL Holdings has challenges despite its categorization as a growth leader.

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FAQ

Why Bullish?

Marqeta's upgraded rating and projected revenue reflect strong growth potential similar to past successful fintech firms.

How important is it?

Analyst upgrades and market trends are significant in shaping investor expectations for growth stocks like Marqeta.

Why Short Term?

Immediate investor sentiment may react favorably to the upgrade, impacting prices in the near term.

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