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 reduced by research analysts at TD Cowen to $4.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s target price would suggest a potential upside of 224.70% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. 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. 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 target price for the company. Maxim Group assumed coverage on Merlin, Inc. Common Stock in a report on Friday, September 18th. They issued a “buy” rating and a $7.00 target price for the company. 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. Finally, Northland Securities assumed coverage on shares of Merlin, Inc. Common Stock in a report on Tuesday, July 21st. They issued an “outperform” rating and a $10.00 target price for the company. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $8.75.

Merlin, Inc. Common Stock Stock Down 9.4%

NASDAQ:MRLN traded down $0.13 during midday trading on Friday, hitting $1.23. 2,910,549 shares of the company were exchanged, compared to its average volume of 1,771,719. The stock has a fifty day moving average of $2.95. Merlin, Inc. Common Stock has a fifty-two week low of $1.22 and a fifty-two week high of $17.00. The firm has a market capitalization of $124.51 million, a P/E ratio of -0.83 and a beta of 1.98.

Merlin, Inc. Common Stock (NASDAQ:MRLN) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($1.40) EPS for the quarter, missing the consensus estimate of ($0.28) by ($1.12). The company had revenue of $2.19 million for the quarter. On average, equities analysts anticipate 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.