Merlin, Inc. Common Stock (NASDAQ:MRLN) Receives Consensus Rating of “Moderate Buy” from Analysts

Merlin, Inc. Common Stock (NASDAQ:MRLN – Get Free Report) has received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $11.00.

A number of research analysts have weighed in on MRLN shares. TD Cowen cut their target price on shares of Merlin, Inc. Common Stock from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Roth Capital assumed coverage on Merlin, Inc. Common Stock in a research report on Tuesday, April 14th. They issued a “buy” rating and a $15.00 price target on the stock. Zacks Research upgraded Merlin, Inc. Common Stock to a “hold” rating in a research note on Wednesday, April 15th. Northland Securities assumed 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. Finally, Cantor Fitzgerald started coverage on Merlin, Inc. Common Stock in a research note on Thursday, July 9th. They set an “overweight” rating and a $11.00 target price for the company.

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Merlin, Inc. Common Stock Stock Performance

NASDAQ MRLN opened at $3.77 on Monday. Merlin, Inc. Common Stock has a 1 year low of $3.27 and a 1 year high of $17.00. The business’s fifty day moving average price is $5.58. The company has a market cap of $363.88 million, a P/E ratio of -10.19 and a beta of 1.87.

Merlin, Inc. Common Stock Company Profile

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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.

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