MQ Stock Recent News

OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform, today announced that it will host a conference call and webcast to discuss third quarter 2024 financial results on Monday, November 4, 2024 at 4:30 pm ET. Hosting the call will be Simon Khalaf, Chief Executive Officer, and Mike Milotich, Chief Financial Officer. A press release with the third quarter 2024 financial results will be issued after the market closes that same day. The conference ca.

OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world's innovators, today announced a new customer, Found, a business banking platform that supports small businesses and the self-employed. Found's commercial card solution, powered by Marqeta, allows small businesses and self-employed entrepreneurs to access more sophisticated and customized business banking capabilities than are traditionally offered.

Card issuing platform Marqeta has a new chief artificial intelligence (AI) officer. Fouzi Husaini, a veteran of Amazon and Capital One, will play a key role in Marqeta's efforts to scale its AI organization, the company announced Monday (Sept.

OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world's innovators, today announced that Fouzi Husaini has joined the company as its Chief Artificial Intelligence Officer. Previously at Capital One and Amazon, Husaini will play a pivotal role in scaling Marqeta's AI organization to help increase purchasing power for all by reducing risk and improving consumer and commercial rewards, while also helpin.

The mean of analysts' price targets for Marqeta (MQ) points to a 38.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Marqeta is growing on the backs of various high-growth, innovative customers. Renewing its contract with Block has heavily skewed its underlying performance.

The average of price targets set by Wall Street analysts indicates a potential upside of 35.5% in Marqeta (MQ). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Marqeta reported Q2 earnings that beat estimates, sending shares up 8% the next day. More importantly, Q2 is the turning point for Marqeta as its Block renewal contract is finally fully lapped. In the last four quarters, Marqeta recorded negative Revenue growth due to the Block renewal — that is about to change in Q3 and beyond.

Simon Khalaf, Marqeta CEO, joins 'Power Lunch' to discuss the payments business and BNPL trends.

Marqeta, Inc. (NASDAQ:MQ ) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Stacey Finerman - VP, Investor Relations Simon Khalaf - CEO Mike Milotich - CFO Conference Call Participants Timothy Chiodo - UBS Tien-Tsin Huang - JPMorgan Darrin Peller - Wolfe Research Craig Maurer - FT Partners Ramsey El-Assal - Barclays Will Nance - Goldman Sachs Andrew Schmidt - Citi Andrew Bauch - Wells Fargo Bryan Keane - Deutsche Bank Operator Welcome to the Marqeta Second Quarter 2024 Earnings Conference Call. [Operator Instructions].