5 Stocks Under $25 to Buy According to Billionaire Philippe Laffont

1. Marqeta, Inc. (NASDAQ:MQ)

Coatue Management’s Stake Value: $612,409,000

Percentage of Coatue Management’s 13F Portfolio: 2.49%

Number of Hedge Fund Holders: 20

Share Price as of January 12: $15.03

Marqeta, Inc. (NASDAQ:MQ) is one of the best stocks priced under $25 to buy according to Philippe Laffont, with the billionaire’s fund elevating its stake in the company by 847% in the third quarter. Coatue Management owns 28.4 million Marqeta, Inc. (NASDAQ:MQ) shares, worth $612.4 million, representing 2.49% of the firm’s total Q3 investments. 

Marqeta, Inc. (NASDAQ:MQ) is a financial technology company offering digital payment solutions including prepaid, debit, and credit cards, and a modern card issuing platform.

Announcing its financial results for the third quarter on November 10, Marqeta, Inc. (NASDAQ:MQ) reported a loss per share of $0.08, beating estimates by $0.05. Revenue for the period came in at $131.5 million, exceeding estimates by $12.29 million. 

Loop Capital analyst Hal Goetsch on December 20 initiated coverage of Marqeta, Inc. (NASDAQ:MQ) with a Hold rating and a $19 price target. The analyst stated that although Marqeta, Inc. (NASDAQ:MQ) has “a robust growth outlook” tied to the success and growth of some of its “lighthouse customers” such as Block, Inc. (NYSE:SQ), Affirm Holdings, Inc. (NASDAQ:AFRM), and DoorDash, Inc. (NYSE:DASH), the company’s customer concentration warrants a Hold rating at the existing valuation.

Echo Street Capital Management is one of the leading Marqeta, Inc. (NASDAQ:MQ) stakeholders as of Q3 2021, with 4.41 million shares worth $97.6 million. Overall, 20 hedge funds were bullish on the stock as per Insider Monkey’s Q3 data. 

Here is what Artisan Mid-Cap Fund has to say about Marqeta, Inc. (NASDAQ:MQ) in its Q3 2021 investor letter:

“Marqeta is a digital payment software company with a focus on providing fintechs and merchants the infrastructure to build and process configurable payment cards. The company’s superior API technology allows it to easily connect to customers’ internal systems, enabling quicker product development and introduction. Marqeta’s growth over the years has been largely attributed to its partnership with Square’s Cash App—more than 70% of revenues—but we believe recent client wins (Google Pay) and the continued emergence of innovative digital payment services who need Marqeta’s technology infrastructure make for a compelling profit cycle ahead. With shares pulling back during the quarter, we initiated a small GardenSM position.”

You can also take a look at 10 Micro-Cap Stocks to Buy According to Cathie Wood and 10 Best Solar Energy Stocks to Buy for 2022. 

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