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 research analysts at TD Cowen to $4.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price objective suggests a potential upside of 210.08% from the company’s previous close.

A number of other brokerages also recently commented on MRLN. Northland Securities started coverage on Merlin, Inc. Common Stock in a report on Tuesday, July 21st. They set an “outperform” rating and a $10.00 target price for the company. Weiss Ratings raised shares of Merlin, Inc. Common Stock from a “sell (e)” rating to a “sell (d-)” rating in a research report on Tuesday, September 1st. Canaccord Genuity Group began coverage on shares of Merlin, Inc. Common Stock in a report on Friday, September 25th. They issued a “buy” rating and a $7.50 price objective for the company. Cantor Fitzgerald dropped their target price on shares of Merlin, Inc. Common Stock from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Friday, August 14th. Finally, Maxim Group initiated coverage on shares of Merlin, Inc. Common Stock in a research note on Friday, September 18th. They set a “buy” rating and a $7.00 target price on the stock. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Merlin, Inc. Common Stock presently has a consensus rating of “Moderate Buy” and an average price target of $8.75.

Merlin, Inc. Common Stock Price Performance

NASDAQ:MRLN traded up $0.09 during mid-day trading on Friday, reaching $1.29. 4,054,948 shares of the company’s stock traded hands, compared to its average volume of 1,786,047. Merlin, Inc. Common Stock has a 12-month low of $1.15 and a 12-month high of $17.00. The firm has a market cap of $130.38 million, a price-to-earnings ratio of -0.87 and a beta of 1.98. The firm’s 50 day moving average is $2.84.

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 during the quarter. On average, research analysts expect that Merlin, Inc. Common Stock will post -2.17 earnings per share for the current fiscal 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.