Merlin, Inc. Common Stock (NASDAQ:MRLN) Coverage Initiated at Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) in a research report issued on Thursday. The firm set an “overweight” rating and a $11.00 price target on the stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 156.41% from the stock’s previous close.

Other analysts have also issued reports about the company. Roth Capital assumed coverage on Merlin, Inc. Common Stock in a report on Tuesday, April 14th. They issued a “buy” rating and a $15.00 price target on the stock. Weiss Ratings upgraded Merlin, Inc. Common Stock from a “sell (e-)” rating to a “sell (e)” rating in a report on Tuesday, June 9th. Wall Street Zen lowered Merlin, Inc. Common Stock to a “strong sell” rating in a research report on Saturday, May 23rd. Zacks Research upgraded Merlin, Inc. Common Stock to a “hold” rating in a research note on Wednesday, April 15th. Finally, TD Cowen raised Merlin, Inc. Common Stock to a “strong-buy” rating in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.33.

Merlin, Inc. Common Stock Price Performance

Shares of MRLN stock opened at $4.29 on Thursday. Merlin, Inc. Common Stock has a 12-month low of $4.20 and a 12-month high of $17.00. The stock’s fifty day moving average is $7.00. The company has a market capitalization of $414.07 million, a P/E ratio of -11.59 and a beta of 1.70.

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.