Cantor Fitzgerald Begins Coverage on Merlin, Inc. Common Stock (NASDAQ:MRLN)

Analysts at Cantor Fitzgerald began coverage on shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) in a research note issued on Thursday, Marketbeat.com reports. The firm set an “overweight” rating and a $11.00 price target on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 155.81% from the stock’s current price.

MRLN has been the topic of several other reports. Roth Capital started coverage on Merlin, Inc. Common Stock in a research report on Tuesday, April 14th. They set a “buy” rating and a $15.00 price target on the stock. Weiss Ratings raised Merlin, Inc. Common Stock from a “sell (e-)” rating to a “sell (e)” rating in a research note on Tuesday, June 9th. TD Cowen upgraded shares of Merlin, Inc. Common Stock to a “strong-buy” rating in a research note on Thursday, June 4th. Wall Street Zen cut Merlin, Inc. Common Stock to a “strong sell” rating in a research report on Saturday, May 23rd. Finally, Zacks Research raised shares of Merlin, Inc. Common Stock to a “hold” rating in a report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Merlin, Inc. Common Stock has an average rating of “Moderate Buy” and a consensus price target of $12.33.

Merlin, Inc. Common Stock Trading Down 4.4%

Shares of Merlin, Inc. Common Stock stock opened at $4.30 on Thursday. The stock has a market cap of $415.04 million, a price-to-earnings ratio of -11.62 and a beta of 1.70. Merlin, Inc. Common Stock has a 1 year low of $4.16 and a 1 year high of $17.00. The company’s fifty day simple moving average is $6.77.

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.