Marti Technologies Appoints Cankut Durgun as COO

Marti Technologies ( (MRT) ) has shared an update.

Marti Technologies announced the appointment of Cankut Durgun, the company’s Co-founder and President, to the additional role of Chief Operating Officer, effective June 12, 2025. In his expanded role, Durgun will oversee day-to-day operations and drive execution across Marti’s high-growth ride-hailing and electric vehicle operations, aiming to meet the increasing mobility demand in Türkiye.

The most recent analyst rating on (MRT) stock is a Buy with a $5.75 price target. To see the full list of analyst forecasts on Marti Technologies stock, see the MRT Stock Forecast page.

Spark’s Take on MRT Stock

According to Spark, TipRanks’ AI Analyst, MRT is a Neutral.

Marti Technologies’ overall score is primarily hindered by poor financial performance and valuation metrics, indicating significant financial challenges and unprofitability. Despite positive developments in the ride-hailing segment and future growth expectations, the current financial instability and technical bearish signals weigh heavily on the stock’s attractiveness.

To see Spark’s full report on MRT stock, click here.

More about Marti Technologies

Founded in 2018, Marti Technologies is Türkiye’s leading mobility app, offering a range of transportation services including ride-hailing and rental of e-mopeds, e-bikes, and e-scooters. The company utilizes proprietary software systems and IoT infrastructure to service its offerings.

Average Trading Volume: 64,485

Technical Sentiment Signal: Sell

Current Market Cap: $186.8M

For detailed information about MRT stock, go to TipRanks’ Stock Analysis page.