TD Cowen Lowers Merlin, Inc. Common Stock (NASDAQ:MRLN) Price Target to $8.00

Merlin, Inc. Common Stock (NASDAQ:MRLN) had its price target decreased by stock analysts at TD Cowen from $11.00 to $8.00 in a report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price objective indicates a potential upside of 88.24% from the stock’s previous close.

MRLN has been the topic of a number of other research reports. Zacks Research upgraded Merlin, Inc. Common Stock to a “hold” rating in a research note on Wednesday, April 15th. Weiss Ratings upgraded Merlin, Inc. Common Stock from a “sell (e-)” rating to a “sell (e)” rating in a report on Tuesday, June 9th. Roth Capital began coverage on Merlin, Inc. Common Stock in a report on Tuesday, April 14th. They set a “buy” rating and a $15.00 target price on the stock. Wall Street Zen lowered Merlin, Inc. Common Stock to a “strong sell” rating in a research report on Saturday, May 23rd. Finally, Cantor Fitzgerald assumed coverage on Merlin, Inc. Common Stock in a report on Thursday. They issued an “overweight” rating and a $11.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Merlin, Inc. Common Stock presently has a consensus rating of “Hold” and an average target price of $11.33.

Merlin, Inc. Common Stock Stock Performance

Merlin, Inc. Common Stock stock traded down $0.05 during trading on Monday, reaching $4.25. 603,778 shares of the company’s stock were exchanged, compared to its average volume of 1,534,123. The business’s 50-day simple moving average is $6.77. Merlin, Inc. Common Stock has a 52-week low of $4.16 and a 52-week high of $17.00. The company has a market cap of $410.23 million, a price-to-earnings ratio of -11.49 and a beta of 1.70.

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.