Merlin, Inc. Common Stock (NASDAQ:MRLN) Given Average Rating of “Moderate Buy” by Analysts

Shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) have earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $11.00.

Several research firms recently weighed in on MRLN. Weiss Ratings upgraded shares of Merlin, Inc. Common Stock from a “sell (e-)” rating to a “sell (e)” rating in a research note on Tuesday, June 9th. Roth Capital began coverage on Merlin, Inc. Common Stock in a research note on Tuesday, April 14th. They set a “buy” rating and a $15.00 price target on the stock. Northland Securities began coverage on Merlin, Inc. Common Stock in a report on Tuesday, July 21st. They issued an “outperform” rating and a $10.00 price target for the company. Cantor Fitzgerald initiated coverage on Merlin, Inc. Common Stock in a research report on Thursday, July 9th. They issued an “overweight” rating and a $11.00 price objective for the company. Finally, Wall Street Zen lowered Merlin, Inc. Common Stock to a “strong sell” rating in a report on Saturday, May 23rd.

Merlin, Inc. Common Stock Stock Performance

NASDAQ:MRLN opened at $3.77 on Monday. The stock’s 50-day moving average is $5.58. Merlin, Inc. Common Stock has a 52-week low of $3.27 and a 52-week high of $17.00. The company has a market cap of $363.88 million, a P/E ratio of -10.19 and a beta of 1.87.

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.