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

by · The Markets Daily

Merlin, Inc. Common Stock (NASDAQ:MRLN – Get Free Report) had its price target lowered by equities research analysts at TD Cowen to $4.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price target indicates a potential upside of 231.95% from the stock’s current price.

Several other research firms 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 issued an “outperform” rating and a $10.00 target price on the stock. Cantor Fitzgerald lowered 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 report on Friday, August 14th. Canaccord Genuity Group assumed coverage on shares of Merlin, Inc. Common Stock in a report on Friday, September 25th. They issued a “buy” rating and a $7.50 target price on the stock. Maxim Group assumed 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 on the stock. Finally, Weiss Ratings raised shares of Merlin, Inc. Common Stock from a “sell (e)” rating to a “sell (d-)” rating in a report on Tuesday, September 1st. Six 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $8.75.

View Our Latest Analysis on MRLN

Merlin, Inc. Common Stock Stock Down 3.6%

Shares of NASDAQ:MRLN traded down $0.05 during trading on Friday, hitting $1.21. 671,297 shares of the stock were exchanged, compared to its average volume of 1,768,244. Merlin, Inc. Common Stock has a 1-year low of $1.19 and a 1-year high of $17.00. The stock has a market capitalization of $121.79 million, a P/E ratio of -0.81 and a beta of 1.98. The company has a fifty day moving average price of $2.90.

Merlin, Inc. Common Stock (NASDAQ:MRLN – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($1.12). The firm had revenue of $2.19 million for the quarter. As a group, analysts forecast that Merlin, Inc. Common Stock will post -2.17 earnings per share 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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