Why Investors Are Watching Marqeta (MQ) After Recent Leadership Changes

Core Viewpoint - Marqeta Inc. is highlighted as a promising tech stock under $10, with a current Hold rating and a price target of $6.50 maintained by analyst Sanjay Sakhrani from Keefe, Bruyette & Woods [1][2] Leadership Changes - Marqeta appointed Mike Milotich as the permanent CEO on September 8, 2025, after he served as interim CEO since February 2025 and has been CFO since 2022 [2][3] - The Board of Directors emphasized Milotich's contributions to enhancing Marqeta's operations and financial performance over the past year, leveraging his experience from Visa, PayPal, and American Express [3] Financial Performance - Under Milotich's leadership, Marqeta's stock has experienced a significant rally of nearly 42% this year [3] - The company operates a card-issuing platform that provides infrastructure and tools for payment solutions, enabling businesses to create customized debit, credit, and prepaid card programs [4]