Merlin, Inc. Common Stock (NASDAQ:MRLN) Coverage Initiated at TD Cowen

Equities researchers at TD Cowen began coverage on shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) in a research report issued to clients and investors on Wednesday. The brokerage set a “buy” rating and a $11.00 price target on the stock. TD Cowen’s target price would suggest a potential upside of 44.55% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Roth Mkm began coverage on shares of Merlin, Inc. Common Stock in a research report on Tuesday, April 14th. They issued a “buy” rating and a $15.00 price objective for the company. Zacks Research raised shares of Merlin, Inc. Common Stock to a “hold” rating in a research report on Wednesday, April 15th. Wall Street Zen downgraded shares of Merlin, Inc. Common Stock to a “strong sell” rating in a research report on Saturday, May 23rd. Finally, Weiss Ratings initiated 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. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Merlin, Inc. Common Stock currently has an average rating of “Hold” and a consensus price target of $13.00.

Merlin, Inc. Common Stock Price Performance

Shares of MRLN opened at $7.61 on Wednesday. Merlin, Inc. Common Stock has a one year low of $5.78 and a one year high of $17.00.

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.