Merlin, Inc. Common Stock (NASDAQ:MRLN) Stock Rating Upgraded by Wall Street Zen

Merlin, Inc. Common Stock (NASDAQ:MRLN) was upgraded by research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other analysts also recently weighed in on the company. Cantor Fitzgerald cut their target price on Merlin, Inc. Common Stock from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Friday, August 14th. Northland Securities assumed coverage on Merlin, Inc. Common Stock in a research report on Tuesday, July 21st. They issued an “outperform” rating and a $10.00 price target on the stock. Weiss Ratings raised Merlin, Inc. Common Stock from a “sell (e)” rating to a “sell (d-)” rating in a research note on Tuesday, September 1st. Canaccord Genuity Group initiated coverage on shares of Merlin, Inc. Common Stock in a research report on Friday, September 25th. They set a “buy” rating and a $7.50 price objective for the company. Finally, TD Cowen reduced their price objective on shares of Merlin, Inc. Common Stock to $4.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Merlin, Inc. Common Stock has a consensus rating of “Moderate Buy” and a consensus target price of $6.92.

Merlin, Inc. Common Stock Stock Performance

MRLN stock opened at $1.13 on Friday. The company’s 50-day simple moving average is $1.58 and its 200 day simple moving average is $4.79. Merlin, Inc. Common Stock has a 52 week low of $0.74 and a 52 week high of $17.00.

Merlin, Inc. Common Stock (NASDAQ:MRLN) last issued its quarterly earnings data on Thursday, November 12th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.63. The business had revenue of $3.46 million during the quarter. As a group, analysts anticipate that Merlin, Inc. Common Stock will post -2.17 earnings per share for the current year.

About Merlin, Inc. Common Stock

Merlin, Inc. develops autonomous flight technology for aircraft. Its Merlin Pilot system is designed to automate flight tasks and integrate with existing aircraft, with the goal of supporting operations in sectors such as commercial aviation and defense. Founded in 2018, the company works on adapting its technology for different aircraft and operational requirements. Merlin is focused on developing and certifying systems for use in real-world aviation environments.