Merlin, Inc. Common Stock (NASDAQ:MRLN) Coverage Initiated by Analysts at Northland Securities

Research analysts at Northland Securities began coverage on shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) in a report issued on Tuesday,Benzinga reports. The firm set an “outperform” rating and a $10.00 price target on the stock. Northland Securities’ price objective indicates a potential upside of 179.33% from the stock’s previous close.

Several other brokerages have also recently commented on MRLN. TD Cowen dropped their price target 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. Cantor Fitzgerald began coverage on Merlin, Inc. Common Stock in a report on Thursday, July 9th. They issued an “overweight” rating and a $11.00 price objective on the stock. Wall Street Zen cut shares of Merlin, Inc. Common Stock to a “strong sell” rating in a research note on Saturday, May 23rd. Zacks Research raised shares of Merlin, Inc. Common Stock to a “hold” rating in a report on Wednesday, April 15th. Finally, Weiss Ratings raised shares of Merlin, Inc. Common Stock from a “sell (e-)” rating to a “sell (e)” rating in a research note on Tuesday, June 9th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $11.00.

Merlin, Inc. Common Stock Stock Performance

NASDAQ MRLN opened at $3.58 on Tuesday. The stock has a market capitalization of $345.54 million, a P/E ratio of -9.68 and a beta of 1.70. The firm has a 50 day moving average price of $6.18. Merlin, Inc. Common Stock has a 1-year low of $3.47 and a 1-year high of $17.00.

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.