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

Key Points

• Cantor Fitzgerald lowered Merlin’s price target from $11 to $9 while maintaining an “overweight” rating, implying 103.62% upside from the prior close.
• Analyst sentiment remains mixed but leans positive: four analysts rate the stock a Buy, one rates it Hold, and one rates it Sell, producing a consensus “Moderate Buy” rating and average price target of $10.50.
• Merlin shares opened at $4.42, with a market capitalization of approximately $426.6 million and a 52-week range of $3.27 to $17.00; J.Safra Asset Management also established a new position valued at about $5.45 million.

Merlin, Inc. Common Stock (NASDAQ:MRLN - Get Free Report) had its price objective decreased by analysts at Cantor Fitzgerald from $11.00 to $9.00 in a research report issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Cantor Fitzgerald's price target indicates a potential upside of 103.62% from the stock's previous close.

Several other research firms have also commented on MRLN. Weiss Ratings upgraded shares of Merlin, Inc. Common Stock from a "sell (e-)" rating to a "sell (e)" rating in a research note on Tuesday, June 9th. Northland Securities started coverage on shares of Merlin, Inc. Common Stock in a report on Tuesday, July 21st. They issued an "outperform" rating and a $10.00 price target on the stock. Wall Street Zen downgraded Merlin, Inc. Common Stock to a "strong sell" rating in a research report on Saturday, May 23rd. Finally, TD Cowen lowered their price objective on 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. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Merlin, Inc. Common Stock presently has a consensus rating of "Moderate Buy" and an average price target of $10.50.

Merlin, Inc. Common Stock Stock Up 6.2%

Shares of NASDAQ MRLN opened at $4.42 on Friday. The stock has a market cap of $426.62 million, a PE ratio of -11.95 and a beta of 1.87. The stock's fifty day moving average is $4.98. Merlin, Inc. Common Stock has a 1-year low of $3.27 and a 1-year high of $17.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Merlin, Inc. Common Stock stock. J.Safra Asset Management Corp bought a new position in shares of Merlin, Inc. Common Stock (NASDAQ:MRLN - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,951 shares of the company's stock, valued at approximately $5,447,000.

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.

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