S&P 500 cuts bulk of losses as Democrats propose deal to end government shutdown
Investing.com - Benchmark maintained its Buy rating and $5.00 price target on Marti Technologies (NYSE:MRT) stock, citing the company’s strong first-half 2025 performance. Currently trading at $2.30, the stock sits between analysts’ target range of $3-7, with InvestingPro data showing the company is trading near its Fair Value.
The research firm highlighted Marti’s impressive 70% year-over-year revenue growth during the first half of 2025, driven by rapid expansion in its ride-hailing business and successful entry into six new cities. InvestingPro analysis confirms strong growth prospects, with analysts forecasting 82% revenue growth for fiscal year 2025.
Benchmark noted that Türkiye’s ride-hailing market is approaching regulatory formalization, which could accelerate sector growth as supply and demand normalize.
While the firm expects competition to intensify, it believes Marti’s local scale, operational track record, and regulatory readiness position the company favorably to benefit from potential market consolidation.
These advantages could enable Marti to exceed current fiscal year 2025 and 2026 projections, according to Benchmark’s analysis, though investors should note the company’s current negative EBITDA of $60.16 million and challenging gross profit margins.
In other recent news, Marti Technologies has announced a significant increase in its ride-hailing rider base, reaching 2.52 million riders and 357,000 registered drivers by August 12, surpassing its September 30 targets ahead of schedule. This growth represents a 17% increase in riders and a 14% increase in registered drivers between June 3 and August 12. The company has set new targets of 3.30 million riders and 450,000 registered drivers by December 31. Additionally, Marti Technologies reported that its revenue for the first half of 2025 was approximately in line with Street estimates, while EBITDA fell slightly below analyst expectations. Cantor Fitzgerald maintained a Neutral rating on the stock with a $3.00 price target.
In another development, Marti Technologies announced a new corporate treasury strategy to hold up to 20% of its cash reserves in Bitcoin, with the potential to increase this to 50% and include other digital assets such as Ethereum and Solana. These assets will be managed through a regulated, institutional-grade custodian.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.