TD Cowen Issues Pessimistic Forecast for Merlin, Inc. Common Stock (NASDAQ:MRLN) Stock Price

Merlin, Inc. Common Stock (NASDAQ:MRLN) had its target price lowered by analysts at TD Cowen to $4.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price objective suggests a potential upside of 210.08% from the company’s current price.

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

Merlin, Inc. Common Stock Trading Up 7.5%

NASDAQ MRLN traded up $0.09 on Friday, reaching $1.29. 4,157,775 shares of the company’s stock traded hands, compared to its average volume of 1,786,567. 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 PE ratio of -0.87 and a beta of 1.98. The stock has a 50-day moving average price of $2.78.

Merlin, Inc. Common Stock (NASDAQ:MRLN) last issued its earnings results on Thursday, August 13th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($1.12). The firm had revenue of $2.19 million for the quarter. On average, equities analysts predict that Merlin, Inc. Common Stock will post -2.17 EPS 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.