Marqeta price target raised to $8 from $7 at Mizuho

Mizuho analyst Dan Dolev raised the firm’s price target on Marqeta to $8 from $7 and keeps a Buy rating on the shares. The company recently reported solid Q3 results and held an investor day to discuss the 2024 outlook, the analyst tells investors in a research note. The firm says Marqeta’s new 2024 net revenue expectations of a 20%-24% decline followed by a mid-20%’s increase in 2025 were ahead of expectations.