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Wall Street May Be Selling This Fintech Stock, but I'm Buying. Here's Why
MQMarqeta(MQ) The Motley Fool·2024-09-01 11:35

This company is doing far better than most of Wall Street realizes. Fintech card issuer Marqeta (MQ -0.19%) went public in the summer of 2021, and the market has mercilessly sold it down ever since. The stock peaked near 33shortlyafteritsIPObuthasdriftedaslowas33 shortly after its IPO but has drifted as low as 3 and is hanging around 5today.Investorsshouldbecarefulaboutlettingpriceactiondefinethecompanybehindthestock.WasMarqetaexpensiveatover5 today. Investors should be careful about letting price action define the company behind the stock. Was Marqeta expensive at over 30? Did the stock deserve to trade for a few dollars per share? The truth is usua ...