Marti Technologies downgraded by Cantor Fitzgerald with a new price target
$MRT
Rental/Leasing Companies
Consumer Discretionary
Cantor Fitzgerald downgraded Marti Technologies from Overweight to Neutral and set a new price target of $3.00
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/5/2025 | $5.00 | Buy | The Benchmark Company |
| 5/5/2025 | $5.75 | Buy | Roth Capital |
| 1/7/2025 | $3.00 | Overweight → Neutral | Cantor Fitzgerald |
SCHEDULE 13D/A - Marti Technologies, Inc. (0001852767) (Subject)
6-K - Marti Technologies, Inc. (0001852767) (Filer)
6-K - Marti Technologies, Inc. (0001852767) (Filer)
Türkiye's leading mobility super app Marti Technologies, Inc. ("Marti" or the "Company") (NYSE:MRT), and the only at scale ride-hailing operator in the country, today announced a new investment plan for 2025 and 2026. Marti's 2025 and 2026 investment plan consists of two pillars: New city launches: In light of the strong growth of its ride-hailing business in its existing cities of Istanbul, Ankara, Izmir, and Antalya, Marti is launching its business in the new cities of Bursa, Konya, Adana, Kocaeli, Mersin, and Kayseri. These new city launches expand the population living in the cities served by Marti's ride-hailing service 1.5x, from 28.8 million to 42.2 million people. In order to p
Marti Technologies, Inc. ("Marti" or the "Company") (NYSE:MRT), Türkiye's leading mobility super app, announced today the appointment of Cankut Durgun, the Company's Co-founder and President, to the additional role of Chief Operating Officer, effective as of June 12, 2025. In this expanded role, Mr. Durgun will continue to lead Marti's strategic initiatives as President, while also assuming responsibility for overseeing the Company's day-to-day operations. His operational focus will include driving execution across Marti's high-growth ride-hailing operations and its established two-wheeled electric vehicle operations. "I'm excited to further contribute to Marti's operational excellence
Marti sets new targets for September 30, 2025 of 2.50 million riders and 350 thousand registered drivers Marti Technologies, Inc. ("Marti" or the "Company") (NYSE:MRT), Türkiye's leading mobility super app, announced today that as of June 3, 2025, Marti's ride-hailing service has reached 2.15 million riders and 314 thousand registered drivers, exceeding the June 30, 2025 targets of 2.15 million riders and 310 thousand registered drivers. Marti's number of ride-hailing riders grew 12.7% from March 25, 2025 to June 3, 2025. The number of registered drivers grew 8.3% during the same time period. The fast growth in both the rider and driver sides of Marti's ride-hailing marketplace demonstr
The Benchmark Company initiated coverage of Marti Technologies with a rating of Buy and set a new price target of $5.00
Roth Capital initiated coverage of Marti Technologies with a rating of Buy and set a new price target of $5.75
Cantor Fitzgerald downgraded Marti Technologies from Overweight to Neutral and set a new price target of $3.00
Türkiye's leading mobility super app Marti Technologies, Inc. ("Marti" or the "Company") (NYSE:MRT) today announced its financial and operational results for the full year ended December 31, 2024. Financial and Operational Highlights for the Full Year 2024 Strong Momentum in Ride-Hailing: Rapid growth of ride-hailing service, with 1.66M unique ride-hailing riders and 262 thousand registered drivers at year-end, exceeding operational targets throughout the year Financial Outperformance Driven by Monetization of Ride-Hailing: Revenue of $18.7M, a net loss of $73.9M, and Adjusted EBITDA of $(19.3)M, surpassing 2024 guidance of $16.6M in revenue and $(22.5)M in Adjusted EBITDA, as a result
Marti Technologies, Inc. ("Marti") (NYSE:MRT), Türkiye's leading mobility super app, will announce its full year 2024 financial and operational results before the U.S. markets open on Tuesday, April 29, 2025. Conference Call and Webcast Details Marti's management will host an analyst and investor conference call and live webcast to discuss its financial results at 3:30 p.m. Istanbul / 1:30 p.m. London / 8:30 a.m. New York time on Tuesday, April 29, 2025. Live webcast can be accessed via: https://event.choruscall.com/mediaframe/webcast.html?webcastid=KyUxGfY3 Participant Dial-In: 877-485-3103 / +1 201-689-8890 A replay will be available on the Marti Investor Relations website https://i
Türkiye's leading mobility super app Marti Technologies, Inc. ("Marti" or the "Company") (NYSE:MRT) today announced its financial and operational results for the first half of 2024. Financial and Operational Highlights for the First Half of 2024 Capital efficient investments in ride-hailing produce performance exceeding operational targets Revenue of $8.4M, net loss of $21.9M, and adjusted EBITDA of $(11.3)M in 1H'24. On track to achieve FY'24 guidance of $16.6M revenue and $(22.5)M adjusted EBITDA Successful execution of operational efficiencies in two-wheeled electric vehicle rental business contributes to adjusted EBITDA neutral performance in 1H'24, representing a $4.4M increase
Marti Technologies, Inc. ("Marti" or the "Company") (NYSE:MRT), Türkiye's leading mobility super app, announced today the appointment of Cankut Durgun, the Company's Co-founder and President, to the additional role of Chief Operating Officer, effective as of June 12, 2025. In this expanded role, Mr. Durgun will continue to lead Marti's strategic initiatives as President, while also assuming responsibility for overseeing the Company's day-to-day operations. His operational focus will include driving execution across Marti's high-growth ride-hailing operations and its established two-wheeled electric vehicle operations. "I'm excited to further contribute to Marti's operational excellence
Marti Technologies, Inc. ("Marti" or the "Company") (NYSE:MRT), Türkiye's leading mobility super app, today announced that it has appointed Cenk Özeker as its Chief Financial Officer ("CFO"), effective May 14, 2025. Cenk Özeker replaces the Company's former Interim CFO, Deniz Terlemez. Mr. Özeker has more than 25 years of senior finance and operational leadership experience, having served in senior finance leadership positions and managing director roles across Europe and Türkiye for companies of various sizes. He joins Marti from Newport Shipping UK, where he served as Managing Director from 2021 to 2024. In this role, he managed a global team of approximately 200 employees. Prior to Newp
Marti Technologies, Inc. ("Marti" or the "Company") (NYSE:MRT), Türkiye's leading mobility super app, today announced that it has appointed Deniz Terlemez as its new Interim Chief Financial Officer ("CFO"), effective November 1, 2024. Deniz Terlemez succeeds Oguz Erkan, the Company's former CFO. Mr. Terlemez served as the Company's Finance Director before his appointment as Interim CFO. "We would like to thank Oguz Erkan for his integral contributions to the Company at a critical juncture. Oguz was instrumental in setting up the ride-hailing monetization capabilities of our organization. We are currently building on these strong foundations as we scale the monetization of our ride-hailing