TD Cowen Issues Pessimistic Forecast for Merlin, Inc. Common Stock (NASDAQ:MRLN) Stock Price

Key Points

• TD Cowen lowered its price target for Merlin to $4.00 but maintained a “buy” rating, implying 213.73% upside from the prior close. Analysts overall remain moderately bullish, with a consensus price target of $8.75.
• Merlin shares fell 6.3% to $1.28, near their 52-week low of $1.26, while trading above average volume. The stock has declined substantially from its 52-week high of $17.00.
• The company reported a quarterly loss of $1.40 per share, missing consensus estimates of a $0.28 loss, on revenue of $2.19 million. Analysts expect a full-year loss of $2.17 per share.

Merlin, Inc. Common Stock (NASDAQ:MRLN - Get Free Report) had its price target lowered by equities research analysts at TD Cowen to $4.00 in a report issued on Friday, Benzinga reports. The firm presently has a "buy" rating on the stock. TD Cowen's target price would indicate a potential upside of 213.73% from the company's previous close.

Other equities research analysts have also issued reports about the company. Northland Securities started 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. 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. Maxim Group initiated coverage on shares of 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. Canaccord Genuity Group started coverage on Merlin, Inc. Common Stock in a report on Friday, September 25th. They issued a "buy" rating and a $7.50 price objective on the stock. Finally, Cantor Fitzgerald dropped their target price on Merlin, Inc. Common Stock from $11.00 to $9.00 and set an "overweight" rating on the stock in a report on Friday, August 14th. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Merlin, Inc. Common Stock has a consensus rating of "Moderate Buy" and an average price target of $8.75.

Merlin, Inc. Common Stock Stock Down 6.3%

Shares of Merlin, Inc. Common Stock stock traded down $0.09 during trading on Friday, hitting $1.28. 1,853,324 shares of the company's stock traded hands, compared to its average volume of 1,765,991. Merlin, Inc. Common Stock has a 1 year low of $1.26 and a 1 year high of $17.00. The stock has a market cap of $128.86 million, a PE ratio of -0.86 and a beta of 1.98. The stock has a 50-day simple moving average of $2.95.

Merlin, Inc. Common Stock (NASDAQ:MRLN - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($1.40) earnings per share for the quarter, missing analysts' consensus estimates of ($0.28) by ($1.12). The business had revenue of $2.19 million during the quarter. Research 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.