Merlin, Inc. Common Stock (NASDAQ:MRLN) Given New $9.00 Price Target at Cantor Fitzgerald

Merlin, Inc. Common Stock (NASDAQ:MRLN) had its price target decreased by Cantor Fitzgerald from $11.00 to $9.00 in a research report report published on Friday,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the stock.

Other analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Merlin, Inc. Common Stock to a “strong sell” rating in a research note on Saturday, May 23rd. TD Cowen lowered their target price on shares of Merlin, Inc. Common Stock from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Northland Securities began coverage on shares of Merlin, Inc. Common Stock in a report on Tuesday, July 21st. They issued an “outperform” rating and a $10.00 target price for the company. Finally, Weiss Ratings upgraded shares of Merlin, Inc. Common Stock from a “sell (e-)” rating to a “sell (e)” rating in a research report on Tuesday, June 9th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $10.50.

Merlin, Inc. Common Stock Stock Down 14.9%

Shares of NASDAQ MRLN opened at $3.76 on Friday. Merlin, Inc. Common Stock has a one year low of $3.27 and a one year high of $17.00. The stock has a market cap of $362.92 million, a price-to-earnings ratio of -10.16 and a beta of 1.87. The stock’s fifty day moving average is $4.89.

Institutional Investors Weigh In On Merlin, Inc. Common Stock

An institutional investor recently bought a new stake in Merlin, Inc. Common Stock stock. J.Safra Asset Management Corp bought a new position in shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,951 shares of the company’s stock, valued at approximately $5,447,000.

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.