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.

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.

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

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.

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