Marten Transport Ltd has a consensus price target of $23.25 based on the ratings of 4 analysts. The high is $27 issued by Stephens & Co. on July 20, 2023. The low is $20 issued by Raymond James on May 15, 2024. The 3 most-recent analyst ratings were released by Raymond James, Stephens & Co., and Vertical Research on May 15, 2024, April 19, 2024, and January 10, 2024, respectively. With an average price target of $22 between Raymond James, Stephens & Co., and Vertical Research, there's an implied 27.39% upside for Marten Transport Ltd from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Marten Transport (NASDAQ:MRTN) was reported by Raymond James on May 15, 2024. The analyst firm set a price target for $20.00 expecting MRTN to rise to within 12 months (a possible 15.81% upside). 3 analyst firms have reported ratings in the last year.
The latest analyst rating for Marten Transport (NASDAQ:MRTN) was provided by Raymond James, and Marten Transport their outperform rating.
The last upgrade for Marten Transport Ltd happened on January 10, 2024 when Vertical Research raised their price target to $25. Vertical Research previously had a hold for Marten Transport Ltd.
The last downgrade for Marten Transport Ltd happened on August 17, 2022 when Vertical Research changed their price target from N/A to N/A for Marten Transport Ltd.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Marten Transport, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Marten Transport was filed on May 15, 2024 so you should expect the next rating to be made available sometime around May 15, 2025.
While ratings are subjective and will change, the latest Marten Transport (MRTN) rating was a with a price target of $0.00 to $20.00. The current price Marten Transport (MRTN) is trading at is $17.27, which is within the analyst’s predicted range.
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