TD Cowen Cuts Merlin, Inc. Common Stock (NASDAQ:MRLN) Price Target to $4.00

Merlin, Inc. Common Stock (NASDAQ:MRLN) had its price objective lowered by analysts at TD Cowen to $4.00 in a report released on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price target would indicate a potential upside of 220.00% from the stock’s current price.

Several other research firms have also commented on MRLN. 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. Cantor Fitzgerald lowered their price target 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 began coverage on shares of Merlin, Inc. Common Stock in a report on Friday, September 25th. They issued a “buy” rating and a $7.50 price target on the stock. Northland Securities began coverage on shares of Merlin, Inc. Common Stock in a report on Tuesday, July 21st. They issued an “outperform” rating and a $10.00 price target on the stock. Finally, Maxim Group began coverage on shares of Merlin, Inc. Common Stock in a report on Friday, September 18th. They issued a “buy” rating and a $7.00 price target on the stock. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $8.75.

Merlin, Inc. Common Stock Stock Down 8.1%

Shares of MRLN traded down $0.11 during trading hours on Friday, reaching $1.25. 3,273,448 shares of the company traded hands, compared to its average volume of 1,773,954. The company has a market capitalization of $126.34 million, a PE ratio of -0.84 and a beta of 1.98. Merlin, Inc. Common Stock has a 12-month low of $1.22 and a 12-month high of $17.00. The stock has a fifty day simple moving average of $2.90.

Merlin, Inc. Common Stock (NASDAQ:MRLN) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($1.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($1.12). The firm had revenue of $2.19 million for the quarter. On average, 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.