Merlin, Inc. Common Stock (NASDAQ:MRLN) Stock Gets Price Target Cut from TD Cowen

by · The Markets Daily

Merlin, Inc. Common Stock (NASDAQ:MRLN – Free Report) had its price objective decreased by TD Cowen to $4.00 in a research report sent to investors on Friday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

Other analysts also recently issued research reports about the stock. Canaccord Genuity Group assumed coverage on shares of Merlin, Inc. Common Stock in a research report on Friday, September 25th. They set a “buy” rating and a $7.50 price objective for the company. Maxim Group initiated coverage on shares of Merlin, Inc. Common Stock in a report on Friday, September 18th. They issued a “buy” rating and a $7.00 target price for the company. Cantor Fitzgerald dropped their target price on shares of Merlin, Inc. Common Stock from $11.00 to $9.00 and set an “overweight” rating on the stock 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 report on Tuesday, September 1st. Finally, Northland Securities initiated coverage on shares of Merlin, Inc. Common Stock in a research note on Tuesday, July 21st. They set an “outperform” rating and a $10.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Merlin, Inc. Common Stock presently has an average rating of “Moderate Buy” and an average target price of $8.75.

Read Our Latest Research Report on MRLN

Merlin, Inc. Common Stock Stock Performance

MRLN stock opened at $1.25 on Friday. The stock’s 50 day simple moving average is $2.90. The stock has a market capitalization of $126.34 million, a PE ratio of -0.84 and a beta of 1.98. Merlin, Inc. Common Stock has a fifty-two week low of $1.22 and a fifty-two week high of $17.00.

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

Merlin, Inc. Common Stock Company Profile

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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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