Marten Transport Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Marten Transport stock have an average target of 23, with a low estimate of 21 and a high estimate of 25. The average target predicts an increase of 38.64% from the current stock price of 16.59.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$21	$23	$25	$25
Change	+26.58%	+38.64%	+50.69%	+50.69%

* Price targets were last updated on Apr 19, 2024.

Analyst Ratings

The average analyst rating for MRTN stock from 3 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	1	1	1	1	1	1
Buy	3	3	3	3	1	1
Hold	0	0	0	0	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	4	4	4	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Felix Boeschen Raymond James	Raymond James	Buy → Hold Downgrades n/a	Buy → Hold	Downgrades	n/a	n/a	Oct 14, 2024
Felix Boeschen Raymond James	Raymond James	Buy Initiates $20	Buy	Initiates	$20	+20.55%	May 15, 2024
Daniel Imbro Stephens & Co.	Stephens & Co.	Buy Maintains $23 → $21	Buy	Maintains	$23 → $21	+26.58%	Apr 19, 2024
Jeffrey Kauffman Vertical Research	Vertical Research	Hold → Strong Buy Upgrades $25	Hold → Strong Buy	Upgrades	$25	+50.69%	Jan 10, 2024
Jack Atkins Stephens & Co.	Stephens & Co.	Buy Reiterates $27	Buy	Reiterates	$27	+62.75%	Jul 20, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

978.25M

from 1.13B

-13.54%

from 1.13B

Revenue Next Year

1.02B

from 978.25M

4.47%

from 978.25M

EPS This Year

0.33

from 0.86

-62.05%

from 0.86

EPS Next Year

0.52

from 0.33

60.42%

from 0.33

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025
Revenue	843.27M	874.37M	973.64M	1.26B	1.13B	978.25M	1.02B
Revenue Growth	7.07%	3.69%	11.35%	29.81%	-10.48%	-13.54%	4.47%
EPS	0.74	0.84	1.02	1.35	0.86	0.33	0.52
EPS Growth	10.45%	13.51%	21.43%	32.35%	-36.30%	-62.05%	60.42%
Forward PE	-	-	-	-	-	50.83	31.68
No. Analysts	-	-	-	-	-	5	5

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025
High	1.0B	1.1B
Avg	978.3M	1.0B
Low	924.1M	963.3M

Revenue Growth

Revenue Growth	2024	2025
High	-10.2%	10.1%
Avg	-13.5%	4.5%
Low	-18.3%	-1.5%

EPS Forecast

EPS	2024	2025
High	0.34	0.62
Avg	0.33	0.52
Low	0.31	0.46

EPS Growth

EPS Growth	2024	2025
High	-60.9%	89.8%
Avg	-62.0%	60.4%
Low	-63.5%	41.1%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.