2024-03-14 07:25:05 ET
Summary
- Marqeta's Q4 result once again saw a strong increase in total processing volume.
- MQ stock is priced at over 100x forward EBITDA, indicating it is not cheaply priced.
- Despite underperforming in the market, the Company's reliance on Block is now priced in, leading to a tepid bullish outlook.
Investment Thesis
Marqeta ( MQ ) is a fintech that has the potential to become a rewarding investment. After all, Marqeta's Q4 result once again saw a strong increase in total processing volume, which was up 33% y/y....
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Marqeta: Block's Reliance Is Starting To Be Priced In