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

Merlin, Inc. Common Stock (NASDAQ:MRLN) had its price target dropped by stock 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 objective would indicate a potential upside of 225.18% from the stock’s previous close.

Several other brokerages have also recently issued reports on MRLN. Northland Securities began 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 target price on the stock. Canaccord Genuity Group started coverage on shares of Merlin, Inc. Common Stock in a research note on Friday, September 25th. They issued a “buy” rating and a $7.50 price target 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 on the stock. 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, Cantor Fitzgerald decreased 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 note on Friday, August 14th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $8.75.

Merlin, Inc. Common Stock Stock Down 9.6%

Merlin, Inc. Common Stock stock traded down $0.13 during midday trading on Friday, reaching $1.23. The company had a trading volume of 2,437,674 shares, compared to its average volume of 1,767,252. Merlin, Inc. Common Stock has a 12-month low of $1.22 and a 12-month high of $17.00. The company has a market capitalization of $124.33 million, a P/E ratio of -0.83 and a beta of 1.98. The business has a fifty day moving average of $2.95.

Merlin, Inc. Common Stock (NASDAQ:MRLN) last released its earnings results on Thursday, August 13th. The company reported ($1.40) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($1.12). The firm had revenue of $2.19 million during the quarter. On average, research analysts forecast that Merlin, Inc. Common Stock will post -2.17 earnings per share for the current fiscal year.

Merlin, Inc. Common Stock Company Profile

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.