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 target price reduced by TD Cowen to $4.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price target would indicate a potential upside of 221.29% from the company’s current price.

A number of other research firms have also commented on MRLN. Northland Securities assumed coverage on shares of Merlin, Inc. Common Stock in a research report on Tuesday, July 21st. They issued an “outperform” rating and a $10.00 price target on the stock. Weiss Ratings upgraded shares of Merlin, Inc. Common Stock from a “sell (e)” rating to a “sell (d-)” rating in a research report on Tuesday, September 1st. Cantor Fitzgerald reduced their target price 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. Canaccord Genuity Group started coverage on shares of Merlin, Inc. Common Stock in a research report on Friday, September 25th. They set a “buy” rating and a $7.50 target price on the stock. Finally, Maxim Group started coverage on shares of Merlin, Inc. Common Stock in a research report on Friday, September 18th. They set a “buy” rating and a $7.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Merlin, Inc. Common Stock has an average rating of “Moderate Buy” and a consensus price target of $8.75.

Merlin, Inc. Common Stock Price Performance

NASDAQ:MRLN traded down $0.12 on Friday, reaching $1.25. The stock had a trading volume of 2,839,523 shares, compared to its average volume of 1,771,459. The firm has a market cap of $125.83 million, a P/E ratio of -0.84 and a beta of 1.98. Merlin, Inc. Common Stock has a 1-year low of $1.22 and a 1-year high of $17.00. The stock’s fifty day simple moving average is $2.95.

Merlin, Inc. Common Stock (NASDAQ:MRLN) last released its quarterly earnings results on Thursday, August 13th. The company reported ($1.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($1.12). The business had revenue of $2.19 million for the quarter. As a group, equities analysts anticipate that Merlin, Inc. Common Stock will post -2.17 EPS for the current 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.