Merlin, Inc. Common Stock (NASDAQ:MRLN) Stock Picked Up by Analysts at Canaccord Genuity Group

Stock analysts at Canaccord Genuity Group began coverage on shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) in a note issued to investors on Friday, Briefing.com reports. The brokerage set a “buy” rating and a $7.50 price target on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 321.35% from the stock’s current price.

MRLN has been the subject of several other reports. Northland Securities began coverage on Merlin, Inc. Common Stock in a research report on Tuesday, July 21st. They set an “outperform” rating and a $10.00 price objective for the company. TD Cowen cut their target price on Merlin, Inc. Common Stock from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Cantor Fitzgerald reduced their price target on 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. Maxim Group started coverage on Merlin, Inc. Common Stock in a research note on Friday, September 18th. They issued a “buy” rating and a $7.00 price target for the company. Finally, Weiss Ratings raised 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 assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Merlin, Inc. Common Stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.42.

Merlin, Inc. Common Stock Stock Performance

Shares of NASDAQ:MRLN opened at $1.78 on Friday. The company has a market cap of $179.90 million, a P/E ratio of -1.20 and a beta of 1.78. The firm has a 50-day moving average price of $3.33. Merlin, Inc. Common Stock has a fifty-two week low of $1.70 and a fifty-two week high of $17.00.

Merlin, Inc. Common Stock (NASDAQ:MRLN) last posted its 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. As a group, sell-side analysts anticipate that Merlin, Inc. Common Stock will post -2.17 EPS for the current fiscal year.

About Merlin, Inc. Common Stock

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.