Canaccord Genuity Group Begins Coverage on Merlin, Inc. Common Stock (NASDAQ:MRLN)

by · The Markets Daily

Analysts at Canaccord Genuity Group assumed coverage on shares of Merlin, Inc. Common Stock (NASDAQ:MRLN – Get Free Report) in a report issued on Friday, Briefing.com reports. The brokerage set a “buy” rating and a $7.50 price target on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 321.35% from the stock’s previous close.

Several other brokerages have also weighed in on MRLN. Northland Securities assumed coverage on shares of Merlin, Inc. Common Stock in a report on Tuesday, July 21st. They set an “outperform” rating and a $10.00 price objective on the stock. Maxim Group started coverage on shares of Merlin, Inc. Common Stock in a research report on Friday, September 18th. They set a “buy” rating and a $7.00 price target for the company. Cantor Fitzgerald dropped their price target on shares of Merlin, Inc. Common Stock from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Friday, August 14th. Weiss Ratings raised shares of Merlin, Inc. Common Stock from a “sell (e)” rating to a “sell (d-)” rating in a research note on Tuesday, September 1st. Finally, TD Cowen reduced their target price on Merlin, Inc. Common Stock from $11.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $9.42.

View Our Latest Research Report on Merlin, Inc. Common Stock

Merlin, Inc. Common Stock Stock Up 0.6%

NASDAQ:MRLN opened at $1.78 on Friday. Merlin, Inc. Common Stock has a 52-week low of $1.70 and a 52-week high of $17.00. The stock’s fifty day moving average price is $3.33. The firm has a market cap of $179.90 million, a P/E ratio of -1.20 and a beta of 1.78.

Merlin, Inc. Common Stock (NASDAQ:MRLN – Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported ($1.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($1.12). The business had revenue of $2.19 million during the quarter. On average, equities analysts forecast that Merlin, Inc. Common Stock will post -2.17 EPS for the current year.

About Merlin, Inc. Common Stock

(Get Free Report)

Merlin Inc is focused on developing autonomous flight software for legacy and next-generation airborne systems. Its aircraft-agnostic, AI-based software supports takeoff-to-landing autonomous operations for military and civil aviation programs. The company aims to build an AI-based operating software platform intended to support autonomous flight operations across a range of aircraft types.

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