Merlin, Inc. Common Stock (NASDAQ:MRLN) Upgraded at Wall Street Zen

Merlin, Inc. Common Stock (NASDAQ:MRLN) was upgraded by analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued on Saturday, Wall Street Zen reports.

MRLN has been the topic of several other research reports. Canaccord Genuity Group assumed coverage on Merlin, Inc. Common Stock in a research note on Friday, September 25th. They issued a “buy” rating and a $7.50 price objective on the stock. TD Cowen reduced their target price on Merlin, Inc. Common Stock to $4.00 and set a “buy” rating for the company in a research note on Friday, October 9th. Northland Securities initiated coverage on Merlin, Inc. Common Stock in a report on Tuesday, July 21st. They set an “outperform” rating and a $10.00 target price on the stock. Roth Capital dropped their price target on Merlin, Inc. Common Stock to $4.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Maxim Group assumed coverage on Merlin, Inc. Common Stock in a research note 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 given a Hold rating and one has given 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 $6.92.

Merlin, Inc. Common Stock Stock Performance

Shares of MRLN opened at $1.13 on Friday. The company’s fifty day simple moving average is $1.58 and its 200 day simple moving average is $4.79. Merlin, Inc. Common Stock has a 1-year low of $0.74 and a 1-year high of $17.00.

Merlin, Inc. Common Stock (NASDAQ:MRLN) last announced its quarterly earnings data on Thursday, November 12th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.63. The firm had revenue of $3.46 million during the quarter. Equities 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. develops autonomous flight technology for aircraft. Its Merlin Pilot system is designed to automate flight tasks and integrate with existing aircraft, with the goal of supporting operations in sectors such as commercial aviation and defense. Founded in 2018, the company works on adapting its technology for different aircraft and operational requirements. Merlin is focused on developing and certifying systems for use in real-world aviation environments.