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