Cantor Fitzgerald Cuts Marti Technologies (NYSEAMERICAN:MRT) Price Target to $2.15

Marti Technologies (NYSEAMERICAN:MRT) had its target price lowered by Cantor Fitzgerald from $3.00 to $2.15 in a report issued on Tuesday, Marketbeat Ratings reports. Cantor Fitzgerald currently has an overweight rating on the stock.

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

Marti Technologies Stock Down 2.3%

Shares of NYSEAMERICAN MRT opened at $2.15 on Tuesday. The stock has a fifty day moving average price of $2.06 and a two-hundred day moving average price of $2.31. Marti Technologies has a 1 year low of $1.97 and a 1 year high of $3.70.

Marti Technologies (NYSEAMERICAN:MRT) last issued its quarterly earnings results on Saturday, February 14th. The company reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $12.46 million during the quarter.

Marti Technologies Company Profile

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.