Merlin, Inc. Common Stock (NASDAQ:MRLN) Given New $4.00 Price Target at TD Cowen

Merlin, Inc. Common Stock (NASDAQ:MRLN) had its price target reduced by TD Cowen to $4.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price objective would suggest a potential upside of 226.53% from the company’s current price.

Several other brokerages also recently issued reports on MRLN. Maxim Group initiated coverage on Merlin, Inc. Common Stock in a research note on Friday, September 18th. They set a “buy” rating and a $7.00 target price on the stock. Northland Securities initiated 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. Cantor Fitzgerald reduced their price objective on shares of Merlin, Inc. Common Stock from $11.00 to $9.00 and set an “overweight” rating on the stock in a research report on Friday, August 14th. Weiss Ratings raised Merlin, Inc. Common Stock from a “sell (e)” rating to a “sell (d-)” rating in a research note on Tuesday, September 1st. Finally, Canaccord Genuity Group assumed coverage on Merlin, Inc. Common Stock in a report on Friday, September 25th. They set a “buy” rating and a $7.50 price objective for the company. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Merlin, Inc. Common Stock presently has an average rating of “Moderate Buy” and an average target price of $8.75.

Merlin, Inc. Common Stock Price Performance

Shares of NASDAQ:MRLN traded down $0.14 during midday trading on Friday, hitting $1.23. 2,551,320 shares of the stock were exchanged, compared to its average volume of 1,769,947. The business’s 50-day simple moving average is $2.95. The firm has a market cap of $123.81 million, a PE ratio of -0.83 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.

Merlin, Inc. Common Stock (NASDAQ:MRLN) last announced its quarterly earnings data 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 during the quarter. Research analysts forecast that Merlin, Inc. Common Stock will post -2.17 earnings per share 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.