Merlin, Inc. Common Stock (NASDAQ:MRLN) Stock Has Average Target Price of $9.80

Merlin, Inc. Common Stock (NASDAQ:MRLN) has earned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $9.42.

A number of equities research analysts have issued reports on MRLN shares. Northland Securities initiated coverage on Merlin, Inc. Common Stock in a research note on Tuesday, July 21st. They set an “outperform” rating and a $10.00 price target for the company. TD Cowen lowered their price objective on Merlin, Inc. Common Stock from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Canaccord Genuity Group started coverage on shares of Merlin, Inc. Common Stock in a report on Friday. They issued a “buy” rating and a $7.50 target price on the stock. Cantor Fitzgerald decreased their target price on Merlin, Inc. Common Stock from $11.00 to $9.00 and set an “overweight” rating on the stock in a research report on Friday, August 14th. Finally, Maxim Group began coverage on Merlin, Inc. Common Stock in a research note on Friday, September 18th. They set a “buy” rating and a $7.00 price objective on the stock.

Merlin, Inc. Common Stock Stock Performance

Shares of NASDAQ:MRLN opened at $1.75 on Tuesday. The firm’s fifty day simple moving average is $3.26. The company has a market capitalization of $176.87 million, a P/E ratio of -1.18 and a beta of 1.78. Merlin, Inc. Common Stock has a 1 year low of $1.70 and a 1 year high of $17.00.

Merlin, Inc. Common Stock (NASDAQ:MRLN) last announced 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 firm had revenue of $2.19 million for the quarter. On average, sell-side analysts expect that Merlin, Inc. Common Stock will post -2.17 EPS for the current 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.