Alphabet A: Cantor Fitzgerald Reiterates Neutral, Raises PT to $201

Alphabet A: Cantor Fitzgerald Reiterates Neutral, Raises PT to $201

Cantor Fitzgerald has maintained its Neutral rating on Marti Technologies (NYSE:MRT) stock, while raising its price target to $201. The investment research firm made this announcement following the company’s first-half 2025 earnings report, which showed significant growth in the ride-hailing segment. Marti Technologies reported a 107% year-over-year increase in unique riders to 2.3 million users, slightly exceeding previous projections. Revenue for the period was approximately in line with Street estimates, while EBITDA came in slightly below analyst expectations at -$60.16M Cantor Fitzgerald maintains Neutral stance on Marti Technologies stock^[1].

The company has maintained its full-year 2025 guidance for both top and bottom lines, expecting to add approximately 1 million unique riders to reach 3.3 million by fiscal year-end. Marti Technologies also plans to invest in additional headcount to support its expanding operations and expand its market reach. Despite these positive developments, Cantor Fitzgerald prefers to "remain on the sidelines" due to the company being in the early stages of its ride-hailing transition Cantor Fitzgerald maintains Neutral stance on Marti Technologies stock^[1].

Recent news highlights Marti Technologies' strong performance in the ride-hailing segment. As of August 12, the company surpassed its targets, reaching 2.52 million ride-hailing riders and 357,000 registered drivers, which exceeded its goals for September 30 by approximately six weeks. This achievement marks a 17% growth in its rider base and a 14% increase in registered drivers between June 3 and August 12. Marti has set new targets of 3.30 million riders and 450,000 registered drivers by December 31. Additionally, the company announced a new corporate treasury strategy involving cryptocurrency, with plans to hold about 20% of its cash reserves in Bitcoin, with the possibility of increasing this to 50% and including other digital assets like Ethereum and Solana Cantor Fitzgerald maintains Neutral stance on Marti Technologies stock^[1].