Merlin, Inc. Common Stock (NASDAQ:MRLN) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Merlin has a “Moderate Buy” consensus rating from seven analysts: five buys, one hold and one sell. The average 12-month price target is $9.80.
• Analysts have recently adjusted their views, including price-target cuts from TD Cowen to $8 and Cantor Fitzgerald to $9, while Northland Securities initiated coverage with an outperform rating and a $10 target.
• MRLN shares opened at $1.86, near their 12-month low of $1.81, after the company reported a quarterly loss of $1.40 per share versus the $0.28 expected and revenue of $2.19 million.

Merlin, Inc. Common Stock (NASDAQ:MRLN - Get Free Report) has been given an average rating of "Moderate Buy" by the seven brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $9.80.

Several research firms have weighed in on MRLN. Weiss Ratings upgraded Merlin, Inc. Common Stock from a "sell (e)" rating to a "sell (d-)" rating in a report on Tuesday, September 1st. Northland Securities assumed 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 report on Monday, July 13th. Cantor Fitzgerald cut their price objective on Merlin, Inc. Common Stock from $11.00 to $9.00 and set an "overweight" rating on the stock in a research note on Friday, August 14th. Finally, Maxim Group initiated coverage on Merlin, Inc. Common Stock in a report on Friday. They issued a "buy" rating and a $7.00 target price for the company.

Merlin, Inc. Common Stock Trading Down 4.6%

Shares of MRLN opened at $1.86 on Tuesday. The business's fifty day simple moving average is $3.45. Merlin, Inc. Common Stock has a 12 month low of $1.81 and a 12 month high of $17.00. The firm has a market cap of $187.99 million, a price-to-earnings ratio of -1.26 and a beta of 1.78.

Merlin, Inc. Common Stock (NASDAQ:MRLN - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($1.12). The company had revenue of $2.19 million for the quarter. Research analysts anticipate 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.

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