Marqeta's Stock Surges on Positive News, Share Buyback Plan

Marqetas stock surged today following positive news at Citis FinTech Conference, where the company projected a tripling of adjusted earnings to over $100 million this year and full profitability by 2026. The company also announced a new $100 million share repurchase program. Despite the initial jump, shares closed up 3.7%, reflecting the markets positive view of the news but not a significant shift in overall perception. Marqetas stock, currently at $4.88, is still below its 52-week high of $6.83.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.