Merlin, Inc. Common Stock (NASDAQ:MRLN) Stock Has Average Target Price of $8.75 According to Analysts

Shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) have been given a consensus rating of “Moderate Buy” by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $8.75.

Several research firms have recently weighed in on MRLN. 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. Northland Securities started coverage on shares of Merlin, Inc. Common Stock in a research note on Tuesday, July 21st. They issued an “outperform” rating and a $10.00 price objective for the company. 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 objective on the stock. Cantor Fitzgerald reduced their target price on Merlin, Inc. Common Stock from $11.00 to $9.00 and set an “overweight” rating for the company in a report on Friday, August 14th. Finally, Canaccord Genuity Group started coverage on Merlin, Inc. Common Stock in a report on Friday, September 25th. They set a “buy” rating and a $7.50 price target on the stock.

Merlin, Inc. Common Stock Stock Up 5.7%

MRLN stock opened at $0.88 on Friday. Merlin, Inc. Common Stock has a 12 month low of $0.82 and a 12 month high of $17.00. The company’s 50 day simple moving average is $2.27.

Merlin, Inc. Common Stock (NASDAQ:MRLN) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($1.12). The business had revenue of $2.19 million during the quarter. Equities analysts predict 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.