Marti Technologies

MRT · NYSE American

$1.88+$0.06 (+3.30%)TodayMarket closed · Oct 20, 8:00 PM ET

Prev close $1.82

MRT analyst rating

BuyConsensus of 3 analysts over the last 12 months. 67% rate it a buy.

Strong buy0
Buy2
Hold1
Underperform0
Sell0

12-month price target · 7 analysts

Average $5.56 (+195.7% upside)

Low: $2.22
Now: $1.88
High: $10.50

Upgrades and downgrades

The latest rating actions, newest first

MRT analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Cantor Fitzgerald	Aug 24, 2026	Maintains	Neutral	$2.40 → $2.20	63%
Benchmark	Aug 20, 2026	Maintains	Buy	$5.00 → $6.00	48%
Alliance Global Partners	Jul 2, 2026	Initiates	Buy	$4.00	50%
Cantor Fitzgerald	May 26, 2026	Maintains	Neutral	$2.15 → $2.40	63%
Cantor Fitzgerald	Apr 14, 2026	Maintains	Neutral	$3.00 → $2.15	63%

The case for and against

Updated Apr 17, 2026

Bull case

Marti Technologies Inc. has demonstrated a notable increase in its net asset value per unit (NAVPU), rising to $6.50, primarily driven by enhanced net operating income (NOI), despite a slight uptick in capitalization rate. The company reported a remarkable 22.4% year-over-year growth in retail NOI, aided by a significant tax refund, which underscores its effective financial management and operational efficiency. Additionally, the expansion into parcel delivery services has contributed to improving driver utilization rates, indicating strong momentum and positioning for future growth in its diversified mobility offerings.

Bear case

Marti Technologies Inc. faces significant challenges reflected in its negative financial outlook, highlighted by a total Net Operating Income (NOI) decline of 3.1% year-over-year. The company's reliance on the Alberta office sector, which constitutes approximately 14% of its NOI, is problematic due to fundamental weaknesses such as excess supply and lower tenant demand, leading to a reported 32.2% decline in office NOI. Furthermore, the potential for prolonged economic weakness and elevated interest rates casts doubts on the company’s financial and operational stability, raising concerns about its ability to sustain current distribution levels.

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