Goldman Sachs downgraded Marqeta to Sell due to forecast concerns. Investor sentiment is cautious heading into Q4, affecting market outlook. Marqeta's reliance on Block poses long-term revenue risks. Nance expects 2026 gross profit estimates to be below consensus. Competition is intensifying, impacting Marqeta's growth potential.
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.