What Do Analyst Expect From Earnings of Fintech Stocks Block and Marqeta

The general tone from the payments/banking reports "held the line" of a constructive consumer bias in what KeyBanc analyst Josh Beck saw as more of a "rear-view" lens as the next potential catalyst likely linked to improved macro/out-year model clarity.
For Block, Inc SQ (Price Target: $80), his Key First Look data across Square, Cash App, and Afterpay is generally consistent with his model, modestly below the Street.
Cash App held its leadership in app downloads as Afterpay improved sequentially.
He continued to see Block as uniquely positioned to be a leader as the FinTech industry evolved, followed by a focus on software enablement transitioning into a third phase via facilitating connections among a two-sided consumer (Cash App, Afterpay) and merchant (Square, Afterpay) network.
For Marqeta, Inc MQ (PT: $11), his Key First Look data indicated a deceleration across both BNPL (Affirm Holdings, Inc AFRM, Klarna, Afterpay) and ODD (DoorDash, Inc DASH, Instacart, Uber Technologies, Inc UBER UberEats) categories, broadly consistent with his model.
Price Action: SQ shares traded higher by 2.45% at $77.92 on the last check Monday.

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