Marti Technologies: A Strategic Buy in Türkiye’s Growing Mobility Market

Marti Technologies (MRT) has received a new Buy rating, initiated by Benchmark Co. analyst, Fawne Jiang.

Fawne Jiang has given his Buy rating due to a combination of factors that highlight Marti Technologies’ strategic position and growth potential in Türkiye’s evolving mobility market. As the leading urban mobility platform in the country, Marti offers a comprehensive range of transportation solutions, including ride-hailing and a robust network of electric vehicles. This positions the company to capitalize on the structural demand for affordable, tech-enabled mobility solutions in a market that is still largely untapped.
Marti’s first-mover advantage and established multimodal services provide a significant edge in an underserved market with a total addressable market (TAM) estimated at $15–20 billion. The company’s rapid growth trajectory, with expectations of over 100% revenue growth through FY26, underscores its potential as a multi-bagger investment. However, while the regulatory environment presents opportunities, it also poses risks, as emerging regulations could invite increased competition. Despite these challenges, Jiang’s valuation of Marti reflects its attractive value creation potential, aligning with industry peers while accounting for the company’s faster growth outlook.

Jiang covers the Consumer Cyclical sector, focusing on stocks such as JD, Alibaba, and H World Group. According to TipRanks, Jiang has an average return of 15.7% and a 54.24% success rate on recommended stocks.

In another report released today, Roth MKM also initiated coverage with a Buy rating on the stock with a $5.75 price target.