Merlin, Inc. Common Stock (NASDAQ:MRLN) Price Target Cut to $4.00 by Analysts at TD Cowen

Merlin, Inc. Common Stock (NASDAQ:MRLN) had its price target decreased by equities research analysts at TD Cowen to $4.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s target price points to a potential upside of 214.96% from the company’s current price.

Several other equities analysts also recently issued reports on MRLN. 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. Northland Securities started coverage on Merlin, Inc. Common Stock in a report on Tuesday, July 21st. They issued an “outperform” rating and a $10.00 price target for the company. Maxim Group started coverage on Merlin, Inc. Common Stock in a research report on Friday, September 18th. They set a “buy” rating and a $7.00 target price on the stock. Canaccord Genuity Group started coverage on Merlin, Inc. Common Stock in a report on Friday, September 25th. They issued a “buy” rating and a $7.50 price target for the company. Finally, Cantor Fitzgerald lowered their price target 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. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Merlin, Inc. Common Stock currently has an average rating of “Moderate Buy” and a consensus target price of $8.75.

Merlin, Inc. Common Stock Stock Performance

MRLN stock traded down $0.09 during trading on Friday, hitting $1.27. The stock had a trading volume of 1,571,298 shares, compared to its average volume of 1,763,141. The company has a 50 day moving average price of $2.95. Merlin, Inc. Common Stock has a 1-year low of $1.26 and a 1-year high of $17.00. The company has a market capitalization of $128.36 million, a PE ratio of -0.86 and a beta of 1.98.

Merlin, Inc. Common Stock (NASDAQ:MRLN) last released its earnings results 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 business had revenue of $2.19 million for the quarter. As a group, analysts predict that Merlin, Inc. Common Stock will post -2.17 earnings per share for the current 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.