Merlin, Inc. Common Stock (NASDAQ:MRLN) Stock Has Average Target Price of $9.80 According to Analysts

Merlin, Inc. Common Stock (NASDAQ:MRLN) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $9.80.

Several equities research analysts have recently commented on MRLN shares. Maxim Group initiated coverage on Merlin, Inc. Common Stock in a report on Friday, September 18th. They issued a “buy” rating and a $7.00 price objective for the company. Cantor Fitzgerald lowered 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 report on Friday, August 14th. Northland Securities assumed coverage on shares of Merlin, Inc. Common Stock in a research report on Tuesday, July 21st. They set an “outperform” rating and a $10.00 price target on the stock. TD Cowen dropped their price target 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. Finally, Weiss Ratings upgraded shares of Merlin, Inc. Common Stock from a “sell (e)” rating to a “sell (d-)” rating in a research note on Tuesday, September 1st.

Merlin, Inc. Common Stock Trading Up 0.6%

NASDAQ:MRLN opened at $1.78 on Tuesday. Merlin, Inc. Common Stock has a 52-week low of $1.70 and a 52-week high of $17.00. The firm has a market capitalization of $179.90 million, a P/E ratio of -1.20 and a beta of 1.78. The firm has a 50-day moving average of $3.33.

Merlin, Inc. Common Stock (NASDAQ:MRLN) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($1.40) EPS for the quarter, missing the consensus estimate of ($0.28) by ($1.12). The company had revenue of $2.19 million during the quarter. Research 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.