Merlin, Inc. Common Stock (NASDAQ:MRLN) Given New $4.00 Price Target at Roth Capital

Key Points

• Roth Capital lowered its price target for Merlin to $4 but maintained a Buy rating; the target implies 226.53% upside from the prior close.
• Analyst opinions remain mixed but lean positive: six rate the stock Buy, one Hold and one Sell, for a consensus Moderate Buy rating and $6.92 target.
• Merlin reported quarterly EPS of $0.37, beating the consensus estimate of a $0.26 loss, on revenue of $3.46 million.

Merlin, Inc. Common Stock (NASDAQ:MRLN - Get Free Report) had its target price reduced by equities research analysts at Roth Capital to $4.00 in a research report issued on Friday, Benzinga reports. The firm presently has a "buy" rating on the stock. Roth Capital's price target suggests a potential upside of 226.53% from the stock's previous close.

MRLN has been the subject of several other research reports. Weiss Ratings raised Merlin, Inc. Common Stock from a "sell (e)" rating to a "sell (d-)" rating in a research report on Tuesday, September 1st. Northland Securities began coverage on Merlin, Inc. Common Stock in a report on Tuesday, July 21st. They set an "outperform" rating and a $10.00 price objective 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 for the company in a research note on Friday, August 14th. TD Cowen reduced their price target on shares of Merlin, Inc. Common Stock to $4.00 and set a "buy" rating for the company in a report on Friday, October 9th. Finally, Maxim Group assumed coverage on Merlin, Inc. Common Stock in a research note on Friday, September 18th. They issued a "buy" rating and a $7.00 target price for the company. Six 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $6.92.

Merlin, Inc. Common Stock Price Performance

Shares of NASDAQ:MRLN traded up $0.26 during midday trading on Friday, reaching $1.23. The company had a trading volume of 21,734,606 shares, compared to its average volume of 1,947,486. The stock's fifty day moving average price is $1.62 and its 200-day moving average price is $4.81. Merlin, Inc. Common Stock has a one year low of $0.74 and a one year high of $17.00. The stock has a market capitalization of $123.81 million, a P/E ratio of -0.83 and a beta of 2.30.

Merlin, Inc. Common Stock (NASDAQ:MRLN - Get Free Report) last issued its earnings results on Thursday, November 12th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of ($0.26) by $0.63. The company had revenue of $3.46 million during the quarter. As a group, sell-side analysts forecast that Merlin, Inc. Common Stock will post -2.17 earnings per share for the current year.

About Merlin, Inc. Common Stock

Merlin, Inc. develops autonomous flight technology for aircraft. Its Merlin Pilot system is designed to automate flight tasks and integrate with existing aircraft, with the goal of supporting operations in sectors such as commercial aviation and defense. Founded in 2018, the company works on adapting its technology for different aircraft and operational requirements. Merlin is focused on developing and certifying systems for use in real-world aviation environments.

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