MQ Price Prediction Next Week
Analysis and Insights
News Sentiment and Recent Developments:
Marqeta (MQ) has recently announced a strategic partnership with Spendesk Financial Services to enhance its spend management platform for SMBs in Europe. This collaboration is expected to streamline expense management processes and expand Marqeta's customer base. Additionally, the company reported strong Q4 financial results, with revenue exceeding analyst expectations and a positive outlook for Q1 2025.
However, Marqeta is also facing legal challenges, including a class action lawsuit alleging securities fraud. This has introduced uncertainty and potential risks for investors.
Technical Indicators Analysis:
- RSI (14): 62.52 (Neutral)
- MACD: 0.16 (Bullish Signal)
- Fibonacci Levels:
- Resistance: 4.6100, 4.8500
- Support: 3.8400, 3.6000
- Pivot: 4.2300
The stock is currently trading near the first resistance level of 4.6100, with a bullish MACD signal indicating potential upward momentum.
Price Prediction and Recommendation:
Based on the analysis, Marqeta's stock is expected to reach $4.85 in the next trading week. However, due to the approaching resistance level and potential volatility from legal challenges, it is recommended to sell at this target price.
MQ Similar Chart Price Prediction
The price of MQ is predicted to go up -4.38%, based on the high correlation periods with LMT. The similarity of these two price pattern on the periods is 95.6%.
MQ
LMT
Down: -4.38%Similarity: 95.6%
MQ Revenue Forecast
MQ EPS Forecast
MQ FAQs
What is MQ revenue forecast for next quarter？
MQ VS S&P500
With Marqeta's relationship with Block extended until 2028, the company has time to work on its customer concentration issues before the next contract renewal date.
Marqeta's existing customer base includes disruptive firms like Square and Klarna, which provides Marqeta with strong organic growth from its existing user base.
Marqeta's cost structure is mostly fixed, allowing the company to naturally expand its margins as volume grows.
MQ Analyst's Forecast
Sanjay Sakhrani
Keefe, Bruyette & Woods
Hold
2025-01-06
Price Target
$5 → $4
Upside
+4.17%
Keefe Bruyette lowered the firm's price target on Marqeta to $4 from $5 and keeps a Market Perform rating on the shares as part of a 2025 outlook for the financial technology group. This is the quarter when 2025 outlooks "will be front and center and will be the biggest driver of stock moves on the print," the analyst tells investors in a research note. The firm says that while macro factors such as currency and fuel prices are likely headwinds relative to consensus estimates, it is optimistic about underlying core trends especially as consumer spending seems to be showing signs of improvement from Q3 levels. Adyen (ADYEY), PayPal (PYPL), Mastercard (MA), and FIS (FIS) are names Keefe is most positive on into the Q4 print
Ramsey El-Assal
Barclays
Buy → Hold
2024-12-17
Price Target
$5 → $4
Upside
+2.83%
Will Nance
Goldman Sachs
Hold
2024-12-02
Price Target
$4.5 → $4
Upside
+2.56%
