Merlin, Inc. Common Stock (NASDAQ:MRLN) Given New $9.00 Price Target at Cantor Fitzgerald

Merlin, Inc. Common Stock (NASDAQ:MRLN) had its price objective dropped by investment analysts at Cantor Fitzgerald from $11.00 to $9.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price indicates a potential upside of 103.62% from the company’s previous close.

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

Merlin, Inc. Common Stock Stock Performance

NASDAQ:MRLN opened at $4.42 on Friday. The firm has a fifty day simple moving average of $4.98. The stock has a market capitalization of $426.62 million, a price-to-earnings ratio of -11.95 and a beta of 1.87. Merlin, Inc. Common Stock has a one year low of $3.27 and a one year high of $17.00.

Institutional Investors Weigh In On Merlin, Inc. Common Stock

A hedge fund recently bought a new stake in Merlin, Inc. Common Stock stock. J.Safra Asset Management Corp acquired a new stake in shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 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.