Shares of Marqeta, Inc. (MQ) surged 5.26% in pre-market trading on Thursday, following the release of its better-than-expected first-quarter 2025 earnings report. The financial technology company demonstrated improved performance, beating analyst estimates and showing significant revenue growth.

Marqeta reported a quarterly adjusted loss of 2 cents per share for the quarter ended March 31, surpassing the mean expectation of fourteen analysts who had forecast a loss of 4 cents per share. This result also marked a substantial improvement from the 7 cents per share loss reported in the same quarter last year. The company's revenue rose impressively by 17.9% to $139.07 million, outperforming analyst expectations of $136.23 million.

The strong quarterly results have prompted positive reactions from Wall Street. KBW raised its target price for Marqeta from $4 to $4.5, reflecting increased confidence in the company's outlook. The current average analyst rating on Marqeta shares is "buy," with Wall Street's median 12-month price target set at $5.00. The company's ability to narrow its losses and deliver robust revenue growth, despite challenging market conditions, has evidently boosted investor confidence and analyst optimism, contributing to the pre-market stock surge.