Merlin, Inc. Common Stock (NASDAQ:MRLN) Shares Gap Up After Analyst Upgrade

Shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) gapped up prior to trading on Friday after TD Cowen upgraded the stock to a strong-buy rating. The stock had previously closed at $7.18, but opened at $9.19. Merlin, Inc. Common Stock shares last traded at $8.53, with a volume of 12,935,895 shares traded.

A number of other analysts have also weighed in on the stock. Wall Street Zen lowered shares of Merlin, Inc. Common Stock to a “strong sell” rating in a research note on Saturday, May 23rd. Roth Mkm initiated coverage on shares of Merlin, Inc. Common Stock in a research report on Tuesday, April 14th. They set a “buy” rating and a $15.00 target price on the stock. Zacks Research upgraded shares of Merlin, Inc. Common Stock to a “hold” rating in a report on Wednesday, April 15th. Finally, Weiss Ratings assumed coverage on shares of Merlin, Inc. Common Stock in a research report on Tuesday, May 26th. They issued a “sell (e-)” rating for the company. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Merlin, Inc. Common Stock currently has an average rating of “Moderate Buy” and an average price target of $13.00.

Merlin, Inc. Common Stock Stock Performance

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.