Marqeta Investor Insight: Valuation At 75x EBITDA Unpacked

Vectorian Investment Thesis Marqeta, Inc. (NASDAQ: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. Essentially, assuming the best-case scenario, this stock is priced at 75x forward EBITDA. That's clearly far from cheaply priced. However, the one thing that is highly bullish about this stock, is that once it gets beyond Q3 2024, there's a path  ...