Free Trial

Marti Technologies (NYSEAMERICAN:MRT) Price Target Cut to $2.15 by Analysts at Cantor Fitzgerald

Key Points

  • Cantor Fitzgerald cut its price target on Marti Technologies from $3.00 to $2.15 but kept an "overweight" rating, implying roughly a 3.37% upside from the prior close.
  • Analyst consensus remains constructive: Roth MKM has a $4.00 target and MarketBeat shows a consensus "Buy" with an average target of $3.08.
  • Recent performance and results: MRT opened at $2.08 (near its 50‑day MA and below its 200‑day MA) and reported last-quarter EPS of ($0.14) on $12.46 million in revenue.
  • Five stocks to consider instead of Marti Technologies.

Marti Technologies (NYSEAMERICAN:MRT - Get Free Report) had its price objective lowered by equities researchers at Cantor Fitzgerald from $3.00 to $2.15 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Cantor Fitzgerald's price objective would indicate a potential upside of 3.37% from the company's previous close.

Separately, Roth Mkm set a $4.00 price objective on shares of Marti Technologies in a research note on Monday. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $3.08.

Read Our Latest Research Report on Marti Technologies

Marti Technologies Trading Up 2.0%

NYSEAMERICAN:MRT opened at $2.08 on Tuesday. The company has a fifty day moving average of $2.06 and a 200-day moving average of $2.32. Marti Technologies has a twelve month low of $1.97 and a twelve month high of $3.70.

Marti Technologies (NYSEAMERICAN:MRT - Get Free Report) last released its quarterly earnings data on Saturday, February 14th. The company reported ($0.14) earnings per share for the quarter. The firm had revenue of $12.46 million for the quarter.

About Marti Technologies

(Get Free Report)

Marti Technologies Inc is a mobility app, offering multiple transportation services to its riders. Marti operates a ride-hailing service that matches riders with car, motorcycle, and taxi drivers, and operates a large fleet of rental e-mopeds, e-bikes, and e-scooters. All of Marti's offerings are serviced by proprietary software systems and IoT infrastructure.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Marti Technologies Right Now?

Before you consider Marti Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Marti Technologies wasn't on the list.

While Marti Technologies currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Ride The A.I. Megaboom Cover


We are about to experience the greatest A.I. boom in stock market history...

Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.

That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.

  1. The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
  2. The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
  3. Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.

Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.

And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...

Simply click the link below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines