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Do Analysts Expect Marqeta Inc (MQ) Stock to Rise After It Is Down -17.01% in a Month?

Friday, August 19, 2022 09:56 AM | InvestorsObserver Analysts
Do Analysts Expect Marqeta Inc (MQ) Stock to Rise After It Is Down -17.01% in a Month?

InvestorsObserver is giving Marqeta Inc (MQ) an Analyst Rating Rank of 32, meaning MQ is ranked higher by analysts than 32% of stocks. The average price target for MQ is $15.583 and analyst’s rate the stock as a Buy.

Overall Score - 4
Wall Street analysts are rating MQ a Buy today. Find out what this means to you and get the rest of the rankings on MQ!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Marqeta Inc Stock Today?

Marqeta Inc (MQ) stock is trading at $7.76 as of 9:39 AM on Friday, Aug 19, a loss of -$0.32, or -3.97% from the previous closing price of $8.08. The stock has traded between $7.66 and $7.96 so far today. Volume today is less active than usual. So far 87,609 shares have traded compared to average volume of 8,848,103 shares. Click Here to get the full Stock Report for Marqeta Inc stock.

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