Merlin, Inc. Common Stock (NASDAQ:MRLN) Stock Has Average Target Price of $8.75

Merlin, Inc. Common Stock (NASDAQ:MRLN) has been assigned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $8.75.

Several analysts have recently weighed in on the stock. TD Cowen lowered their target price on shares of Merlin, Inc. Common Stock to $4.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Weiss Ratings raised shares of Merlin, Inc. Common Stock from a “sell (e)” rating to a “sell (d-)” rating in a report on Tuesday, September 1st. Cantor Fitzgerald reduced their price objective 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. Canaccord Genuity Group started coverage on shares of Merlin, Inc. Common Stock in a research report on Friday, September 25th. They issued a “buy” rating and a $7.50 price objective for the company. Finally, Maxim Group assumed coverage on Merlin, Inc. Common Stock in a report on Friday, September 18th. They issued a “buy” rating and a $7.00 price objective on the stock.

Merlin, Inc. Common Stock Price Performance

Shares of NASDAQ MRLN opened at $0.95 on Wednesday. The stock has a fifty day moving average price of $1.69 and a 200 day moving average price of $4.87. Merlin, Inc. Common Stock has a 1-year low of $0.74 and a 1-year high of $17.00. The company has a market cap of $96.20 million, a PE ratio of -0.64 and a beta of 2.30.

Merlin, Inc. Common Stock (NASDAQ:MRLN) last announced its quarterly earnings data 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 for the quarter. Analysts anticipate that Merlin, Inc. Common Stock will post -2.17 earnings per share for the current fiscal year.

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.