Merlin, Inc. Common Stock (NASDAQ:MRLN) Coverage Initiated at Cantor Fitzgerald

Stock analysts at Cantor Fitzgerald started coverage on shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) in a note issued to investors on Thursday. The brokerage set an “overweight” rating and a $11.00 price target on the stock. Cantor Fitzgerald’s target price would indicate a potential upside of 156.41% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. Weiss Ratings upgraded Merlin, Inc. Common Stock from a “sell (e-)” rating to a “sell (e)” rating in a report on Tuesday, June 9th. TD Cowen upgraded Merlin, Inc. Common Stock to a “strong-buy” rating in a research note on Thursday, June 4th. Roth Capital initiated coverage on Merlin, Inc. Common Stock in a research report on Tuesday, April 14th. They issued a “buy” rating and a $15.00 price objective for the company. Wall Street Zen downgraded Merlin, Inc. Common Stock to a “strong sell” rating in a research note on Saturday, May 23rd. Finally, Zacks Research raised Merlin, Inc. Common Stock to a “hold” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.33.

Merlin, Inc. Common Stock Trading Down 1.6%

Shares of MRLN opened at $4.29 on Thursday. The company has a market cap of $414.07 million, a P/E ratio of -11.59 and a beta of 1.70. The company has a 50-day moving average price of $7.00. Merlin, Inc. Common Stock has a one year low of $4.20 and a one 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.