2024-01-31 15:34:35 ET
Summary
- Marqeta, Inc. is a reasonable investment despite its reliance on Block.
- Marqeta, despite its challenges, presents positives such as a potential +20% CAGR beyond Q3 2024.
- Priced at 75x forward EBITDA, Marqeta's stock valuation raises questions about its valuation, although it is offset by the company's debt-free status.
Investment Thesis
Marqeta, Inc. ( MQ ) is not a blemish-free investment. But even considering its pesky detractions, namely its tight reliance on Block, Inc. ( SQ ), I maintain that there are more positives than negatives to this investment thesis....
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Marqeta Investor Insight: Valuation At 75x EBITDA Unpacked